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Are medical liens dischargeable?


For the vast majority of people, the main goal of filing for Chapter 7 bankruptcy is to discharge or “wipe out” their debts. Although some debts are considered or may be determined to be “nondischargeable,” most people filing for Chapter 7 will be able to discharge most if not all of their debts. A bankruptcy discharge releases the individual debtors...

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What is a bankruptcy trustee?


A trustee in a bankruptcy case is an individual appointed by the courts to oversee and deal with a bankruptcy petition. The trustee is typically an attorney and is selected from a list of eligible trustees. This individual is trusted to be impartial and handle many responsibilities throughout the bankruptcy process.  However, it is beneficial for your bankruptcy attorney to...

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What are non-dischargeable debts in bankruptcy?


In bankruptcy law a a discharge is a release of personal liability of a debtor from certain debts.  A bankruptcy discharge varies depending on the type of bankruptcy being filed (Chapter 7,11,12,13). There are certain debts that can never be discharged.  You will still owe on these debts. These non-dischargeable debts include . . . Unscheduled debts – This means...

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What is the difference between Chapter 7 and Chapter 13 Bankruptcy?


Many people considering bankruptcy need clarifications about what their options are before filing with the courts.  Depending upon your income and level of debt owed you will want to weigh whether you will qualify for a Chapter 7 Bankruptcy – sometimes called Liquidation or a Chapter 13 Bankruptcy – sometimes called an Adjustment of Debts.  Let’s look at the basic...

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Seniors and Bankruptcy


Debt problems can effect people at all ages.  Failing pensions, rising cost of health care and the general weakness of the economy can cause the financial “perfect storm” – especially for the elderly.  Seniors should be enjoying their golden years but unfortunately unforeseen circumstances can lead many to consider filing for bankruptcy.  Always discuss your situation with a qualified bankruptcy...

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Does bankruptcy save your home from forclosure?


If you are facing foreclosure, bankruptcy might be able to help, but is by no means a permanent fix to the problem.  In many cases a Chapter 7 Bankruptcy may delay the foreclosure and allow for a lump sum pay back.  Others may be able to save their home by filing a Chapter 13 Bankruptcy that allows for a payment...

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