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Posts categorized: debt

Should You Declare Bankruptcy?


Bankruptcy can be a scary idea, especially for people who have never had to consider it in their lifetime. Thankfully, bankruptcy rates are beginning to decline since the collapse of the market when millions of people every year would file. Now, under 800,000 Americans file yearly. This is overall good news. However, with the number still well over a half...

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5 Questions to Ask Yourself Before Filing for Bankruptcy


If you have suffered an overwhelming financial hardship, you may be starting to weigh whether filing for bankruptcy is a viable alternative to the mounting piles of bills or the harassing creditor phone calls. Bankruptcy is a good choice for many who need a fresh start or want to consolidate their bills and be allowed to pay them back over...

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Bankruptcy and Business: Deciding on the Right Chapter to File for Bankruptcy


Frequently in this blog, we touch on the manner in which bankruptcy impacts business.  Many big-name businesses have been facing financial difficulties or have even filed for bankruptcy in recent months, such as Sears, Gibson Brands Inc., and Andy Warhol’s Interview magazine, just to name a few. It seems scary that these businesses have been facing financial adversity, seeing as...

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Springing Back from Bankruptcy


Many view bankruptcy as the end of the road – money runs out in business, or personal debt is impossible to manage, for example. The only way out for some is bankruptcy. But bankruptcy may actually help struggling businesses recover, and can even push business owners to increase their efforts and make their businesses not just survive, but thrive, and...

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