rajshukla
Joined: 03 Jan 2012
Posts: 160
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 Posted: Tue Jan 03, 2012 1:07 pm Post subject: hi |
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The good news is that wages that are garnished in the 90 days prior to the filing date of the bankruptcy can be returned if certain requirements are met. While wage garnishment is a sign that it is time to consult an experienced San Jose bankruptcy lawyer, it is not the end of the world. You can stop the wage garnishment and get some of the money back by filing a Chapter 7 bankruptcy or Chapter 13 bankruptcy as soon as the wage garnishment starts.As the extensive use of credit cards and the debt problems are back to back, so, when we look in the past few years, we come across it simply that such bad condition of the economy was just due to the bang of the recession due to which many people fell in the loan problems and reached to the edge of filling for bankruptcy. Bankruptcy eliminates the debt problems very fast because of which it was the most preferred elimination program but it was destroying the economy more and more. So, to deal with all these severe situations federal administration defined the new bankruptcy rules after which a great decrease can be seen in its filling rate and the flipside journey of the economy towards the development. Bankruptcy is a legal expression that is used by individuals and businesses to declare their inabilities to pay off their debts. It is an extreme debt relief option that one chooses when no other option seems to be good enough.
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