rajshukla
Joined: 03 Jan 2012
Posts: 160
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 Posted: Tue Jan 03, 2012 12:35 pm Post subject: hi |
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In the past, many individuals have been afraid to file for bankruptcy because of the stigma that follows it. In the recent years, the negative image has almost been completely removed. Nowadays there are large corporations filing bankruptcy daily and it's become more and more commonplace. Much of the negative stigma that followed bankruptcy was created by the creditors. They do whatever they can, including guilt and name-calling, to try and stop individuals from filing bankruptcy. Recently the banks were bailed out with billions of taxpayer dollars and people are having a tough time feeling sorry for the poor creditors that are not getting paid from debtors due to bankruptcy. The downsides to bankruptcy are often and plentiful, but there are benefits to filing for bankruptcy. What the many benefits really amount to is that you'll finally be able to move forward with your life. There are many complex terms associated with individual finance and property law. Knowing some of these concepts and how they relate to your bankruptcy case is very useful. One of these concepts is a property lien. A lien is a type of security interest that is granted over a piece of property to secure debt payments or another type of obligation. Liens on property can complicate your finances and make it difficult for you to regain financial control.
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