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Documents You Will Need to Submit to File for Bankruptcy

When you file for bankruptcy, you must submit a variety of documents to disclose information regarding your income, debt, expenses, assets, and other financial and legal affairs. The information you provide can affect the outcome of your bankruptcy case, which is why you cannot afford to make mistakes when filing for bankruptcy.

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Reverse Mortgages and Bankruptcy: What You Need to Know

In the United States, older homeowners who are facing financial adversity may be able to seek out debt relief by filing for bankruptcy or taking out a reverse mortgage.

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Does Bankruptcy Affect Social Security Income?

The thought of bankruptcy scares a lot of people. The concept brings up images of losing everything and never being able to get credit again. While those fears are not always correct, people that rely on Social Security income have the added fear that those funds can be used in bankruptcy to help pay off creditors.

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Joint Accounts and Bankruptcy

When facing financial distress, filing for bankruptcy is among the promising solutions to help individuals, couples, and business owners achieve debt relief. However, different issues often arise when a person considering bankruptcy operates a joint bank account or co-owns a property with their spouse or family member.

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Tax Issues: Which Chapter to Choose

For most people, filing for bankruptcy may feel overwhelming, mainly because they do not know what to expect once they file and how it can affect your financial and tax situations. You may face a unique combination of tax issues when filing for bankruptcy, depending on which chapter you choose.

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How Will Bankruptcy Affect Me in the Workplace?

People worry about how filing for bankruptcy will affect their job or their job prospects going forward. In certain industries, generally, those that deal with money or finances, a filing might present some challenges, but for the most part, your current employer will probably never find out except under certain circumstances.

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What If I Can’t Fulfill the Repayment Plan Under Chapter 13?

When going through financial distress, you may be able to seek debt relief by filing for protection under Chapter 13 bankruptcy. In Georgia, the consumer filing for Chapter 13 must propose a feasible repayment plan – spread between 3 and 5 years – to pay back their debts using their potential earnings.

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Modifying a Repayment Plan Under Chapter 13

When facing financial adversity, Chapter 13 bankruptcy is among the promising options for individuals with regular income to achieve debt relief.

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Medical Debt & Bankruptcy

A medical emergency, chronic illness, or unpaid medical bills can accumulate and make a person become overburdened with medical debts.

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Bankruptcy & Divorce: What You Need to Know

Bankruptcy and divorce are among the most overwhelming experiences anyone can go through. Regardless, filing for bankruptcy may be a promising option – for individuals who are facing a divorce and also have huge debts – to achieve financial relief and reduce stress.

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