rajshukla
Joined: 03 Jan 2012 Posts: 160
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Posted: Tue Jan 03, 2012 1:11 pm Post subject: hi |
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The Chapter 7 bankruptcy process is the case filed by individuals or partnerships when filing for insolvent conditions. There are several steps to the entire procedure and this article gives a brief outline of the steps. If you have a huge debt burden to settle, you can go for debt settlement programs. It is a much safer option than filing bankruptcy as it can eliminate your debt quickly and conveniently. There are two major types of bankruptcy that individuals can file in the United States. Along with many other differences is that Chapter 7 involves liquidation of assets and Chapter 13 does not. As we all know, in today's economy it is getting harder and harder to pay off the bills, not just the every monthly bill, but everything else in between. Just the word bankruptcy puts thoughts into people's heads that one cannot handle their debts and are looking for an easy way out as to not paying what they owe.
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