Posts tagged declaring bankruptcy
How Much Do You Have to Be In Debt to File Chapter 7?

Chapter 7 bankruptcy can help you discharge most of your debt and give you a clean start on life. But how much do you have to be in debt to file Chapter 7? And what steps do you take to file and qualify? Let's take a look at this process to help you get out of debt.

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What Are the Advantages of Filing Bankruptcy?

You read a lot of opinions on whether or not you should file bankruptcy. They go both ways. Some sources tell you should file to stop creditors from harassing you and to provide a court designed restructuring of your debt to make it easier to repay. Some sources tell you to avoid bankruptcy at all costs because it will ruin your credit for at least seven years.

You must analyze your own situation and determine which option works best for you. Let this article act as a jumping off point to get you started before your find a source of file bankruptcy online.

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