rajshukla
Joined: 03 Jan 2012 Posts: 160
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Posted: Tue Jan 03, 2012 1:02 pm Post subject: hi |
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We all know how easy it is to avoid bankruptcy - just don't buy anything with credit. But how realistic is that? How many of us would have homes, businesses and jobs if we did not have some sort of debt. Debt surrounds us - in our personal and business lives, our country is even in debt. Debt is a part of everyday life. The trick is for you to control your debt. Do not let it control you. Chapter 7 bankruptcy is just one of several options available to one in debt. Strong consideration should be made prior to filing Chapter 7. There are non-bankruptcy options in certain cases. Chapter 7 bankruptcy is a fresh start bankruptcy. A person lists all of his debts in a bankruptcy petition which is filed with the U.S. Bankruptcy Clerk. A typical Chapter 7 debtor receives a fresh start in that many of the debts in a Chapter 7 bankruptcy case are eliminated.
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