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LegalCornerTM - Bankruptcy Basic Facts F.A.Q.'s

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Q.Will Bankruptcy Help?

A.If you suddenly find yourself incapable of paying your bills, or threatened by a creditor with a lawsuit, a garnishment or a seizure of property, you might consider filing bankruptcy. Bankruptcy can help alleviate the immediate burdens posed by non-relenting collection agencies and give you time to reorganize your finances to get back on your feet financially. If you file Chapter 13 bankruptcy, you may keep your home and car if you adhere to the court ordered repayment plan, which may entail the refinance of some of your debts and possibly reduced credit card interest rates. For more information on how filing bankruptcy can help you, and the possible alternatives, you should consult a local bankruptcy attorney.




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