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How To Tackle Excessive Credit Card Debt?

Call: 888-297-6203 Credit card debt is one of the biggest traps in which most borrowers find themselves in today. In the name of lucrative offers, the high-interest rates, charges, and beyond capacity spending, confines many borrowers to a debt cycle that is very profitable to the banks but extremely challenging for the debtors. If a borrower has multiple credit cards and the limits of the credit cards are higher than the income one has, there are strong indications that the borrower may end up filing for bankruptcy. Implications of not paying credit card debt The first thought any [...]

2025-08-11T07:04:52+00:00
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Let Us Analyze The Pros And Cons Of Bankruptcy

Call: 888-297-6203 Bankruptcy has many impacts on the applier. The decision of bankruptcy is more on the situation and not on Pros and Cons. But discussing the same will help in deciding whether even in stressful situations, bankruptcy makes sense. Also, it prepares an individual inching towards bankruptcy for the future consequences of the same. Stay order In many situations, you are desperate to maintain a stay order to protect your assets or to safeguard them against lender liens. This can be a very difficult task especially when you have defaulted on several payments and the lender isn’t [...]

2025-08-11T07:06:09+00:00
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What Are Bankruptcy Exceptions?

Call: 888-297-6203 Bankruptcy exemptions are properties that are protected by the court from liquidation to repay the creditors. It is there in both bankruptcy codes and state laws. If you don't claim your exemption, the property will not be protected in your bankruptcy case. Why do bankruptcy exemptions exist? They exist so that the bankruptcy filers get a fresh start but don't have to start from scratch. They are in place so that you can keep some of the property. Who can claim bankruptcy exemptions?  Only individuals and married couples can claim exemptions as it is there to [...]

2025-08-11T07:07:41+00:00
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Bankruptcy Impact On Credit Score And Remedies

Call: 888-297-6203 Bankruptcy has a major impact on credit score, and it is obvious to hit the credit score of an individual by over 100 points at least. The credit score works on a factor that indicates an overall risk to the lender and the lower the credit score larger the risk for the lender. Once any person has declared bankruptcy, it is very difficult for a lender to trust or provide credit for such a person so easily. Such people might not be able to avail of any unsecured loan for several years, sometimes even up to [...]

2025-08-11T07:08:52+00:00
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Super-Quick Guide To All You Need To Know About Bankruptcy

Call: 888-297-6203 Bankruptcy is a complex process. However, we will try to debrief the same in a super-quick short way for faster understanding. When you realize you are not going to be able to pay some debts and you are already defaulting on a few, you might consider bankruptcy to eliminate some of the debt to make your life less miserable. The ultimate aim of bankruptcy is to discharge some debts and reinstate some stable financial status to ensure life is less stressful. Benefits of bankruptcy Bankruptcy provides immediate relief. Once the bankruptcy is applied, you become immune [...]

2025-08-11T07:10:33+00:00
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Chapter 7 Or Chapter 13, Which Is Best For You?

Call: 888-297-6203 Bankruptcy might be an ultimate resort for many. However, it is equally important to make the right choice while applying for bankruptcy. Bankruptcy might seem the dead-end, but it ends up offering some choices. The choices could be critical in determining the fate of your assets, future, scars prevailing due to bankruptcy, and various other factors. Below we discuss some key aspects to consider before making a Chapter 7 or Chapter 13 option. It wouldn’t however be a bad idea to hire a good attorney to guide you through the process via https://recoverylawgroup.com/bankruptcy/ to ensure no [...]

2023-04-06T08:37:51+00:00
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How Does A Bankruptcy Court Function?

Call: 888-297-6203 A court functions on a rule book or laws that are created and modified over a period of time. The bankruptcy court was established in 1978 and since then based on economic conditions, concerns, and loopholes, the law has been evolving to the form we know presently. Ironic as it may seem to criminal proceedings, the borrower himself or herself begins the proceedings in a bankruptcy court by filing for bankruptcy. How does it begin? The application submitted by the applicant usually consists of all his debts, lender's information, assets, and any other information that is [...]

2025-08-08T07:34:25+00:00
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Different Bankruptcy Options For The Individuals

Call: 888-297-6203 Bankruptcy presents a few options to individuals that either protect the assets and block a significant amount of future income or the assets are liquidated to clear any lien on future income. This is a choice that can be based on the convenience of the borrower. The below list of options during bankruptcy can provide a broader perspective for a borrower- Liquidation under Chapter 7 This is probably the most common form of bankruptcy that accounts for up to 70% of bankruptcies in the year 2020. The reason for this being very common is that most [...]

2023-06-27T05:42:22+00:00
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Step By Step Guide To Addressing Bankruptcy And Piling Debt

Call: 888-297-6203 Debt has been one of the most common villains currently in many people's lives. Due to uncertain conditions, changes in economic dynamics, increased competition, lack of jobs, etc., piled-up debt is the story of every second household. Many magazines and stats suggest that consumer debt has blown off the roof in recent times. The reason can be many starting from health expenditure, overspending, unemployment, gambling, and mismanagement of money, it is important to distance oneself from the lucrative ads that offer a quick fix. The solution to piling debt or bankruptcy needs to be addressed cautiously [...]

2025-08-11T07:14:00+00:00
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Bankruptcy – Yes Or No?

Call: 888-297-6203 Bankruptcy is a big decision and to consider or not consider bankruptcy there must be a careful review. A wrong decision can not only add to the misery currently and at the same time leave scars for several years. To make the decision easier, below we list some aspects of bankruptcy below- When to consider bankruptcy Bankruptcy sometimes becomes inevitable or unavoidable due to the following reasons- Injury, illness, disability, long term medical treatments, or hefty medical bills Divorce is around the corner which might further add to financial vows Lenders are foreclosing on assets like [...]

2025-08-11T07:15:32+00:00
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PAID ATTORNEY ADVERTISEMENT: Wajda & Associates is a law firm. This website is an advertisement. It is not a lawyer referral service or prepaid legal services plan. Each of the lawyers on this site are either Managers, Members, Partners, Limited Partners or staff attorneys. An attorney responsible for the content of this Site is Nicholas Wajda, APC. licensed in California, Texas, and Indiana with offices at 309 W 11th Street Anderson, IN 46016. To see the attorney in your area who is responsible for this advertisement, please  Click here.  Prior results do not guarantee a similar outcome.
We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.