In a world where debt relief can often feel hard and overwhelming, it’s important to remember that there are options available to help individuals facing financial difficulties. Many people have found themselves in a situation where they’ve gone from paying bills on time and having plenty in savings to contemplating bankruptcy. The good news is…
Getting out of debt is hard, and you did everything you could to avoid it. You cut back on spending. You sold stuff to make payments. You’ve been eating rice and beans for months now. But even with all the work, you’ve come to one painful conclusion, you may need to file bankruptcy. Bankruptcy is…
REAFFIRMING A DEBT Reaffirming a debt means that the debtor agrees to be responsible for a debt that would otherwise be discharged. This procedure most frequently arises when a chapter 7 debtor has a secured vehicle loan. The loan agreement provides that if the debtor files for bankruptcy, that filing is a default and the…
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