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Alternatives to Bankruptcy in MA


Are you in debt and considering filing for bankruptcy in MA? Before you make the jump, have you considered all other possibilities and alternatives to pay off the debt? If not, keep reading! Bankruptcy should only be a last resort, after all other attempts to pay down the debt have failed. When it comes to alternatives to bankruptcy, you have...

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Reasons Why People File for Bankruptcy


In order to know why people file for bankruptcy, one must first know what bankruptcy is. Bankruptcy, as defined by Nolo.com, is the process by which individuals and businesses clear debt with the protection of the federal bankruptcy court. Furthermore, there are two types of bankruptcies for which to file: liquidation and reorganization. Chapter 7 bankruptcy aims to liquidate or...

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Considering Filing for Bankruptcy? Try to avoid doing these 6 things


The decision to file bankruptcy is never one to be made lightly. Whether you’re in debt from exorbitant medical bills, loss of income, or from a recent divorce, your only option to relieve yourself of the debt associated with these unfortunate events may be to file a personal bankruptcy. There are, however, certain actions you should refrain from doing, so...

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Choosing Between a Chapter 7 and a Chapter 13 Bankruptcy


When financial times get tough, as they have for millions of Americans, pressing the “reset” button may be the best route to take. Filing for bankruptcy as an individual can be done through either a Chapter 7 or a Chapter 13 Bankruptcy. Whether a Chapter 7 or Chapter 13 bankruptcy is the right choice for you depends on your income,...

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The Role of the Trustee in Bankruptcy


Filing for bankruptcy can be an overwhelming undertaking, but one that will give you a chance at a fresh start financially. Completing the paperwork, attending a meeting of creditors, and dealing with the courts is not something to do alone. Levine Law Office recommends that you hire an experienced bankruptcy attorney to guide you along the way and give you...

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Starting the Bankruptcy Process


If you are thinking about filing for bankruptcy, you may be overwhelmed and feeling like this is the end of the world. Don’t panic! You are not alone in this process. Millions of Americans file for bankruptcy every year. Some for business reasons, some for financial hardships and other because an event such as a medical emergency cost them their...

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