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When debts overwhelm you, bankruptcy might be the only alternative. The process of filing for bankruptcy is not easy and even more difficult if you decide to handle it without the help of an attorney. The type of filing will depend on your financial situation. Chapter 7 bankruptcy is the most popular type of filing.…
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You Have to Attend a 341 Meeting, What Should You Expect?
Filing for bankruptcy can be a challenging and overwhelming process, but it can also provide much-needed relief and a fresh start. One important step in the bankruptcy process is the 341 Meeting of Creditors. This meeting, required by Section 341 of the United States Bankruptcy Code, serves as an opportunity for creditors, the trustee, and…
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Recent Changes in Bankruptcy Laws in Washington
IntroductionWhen filing for bankruptcy, individuals are allowed to keep some of their personal property so long as it remains under a determined value. Some of this personal property includes personal items like clothing, vehicles, and household items. For some professionals, they were permitted to keep tools and materials that are required for their specific type…
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Chapter 7 Bankruptcy, What You Need to Know
When debts overwhelm you, bankruptcy might be the only alternative. The process of filing for bankruptcy is not easy and even more difficult if you decide to handle it without the help of an attorney. The type of filing will depend on your financial situation. Chapter 7 bankruptcy is the most popular type of filing.…
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