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rajshukla



Joined: 03 Jan 2012
Posts: 160

PostPosted: Tue Jan 03, 2012 1:14 pm    Post subject: hi Reply with quote

The "do nothing" approach to debts rarely works, but this article highlights when it might work. It also points out the advantages of either working with creditors or filing for bankruptcy. When you are filing bankruptcy, unavoidably you will encounter the term exemptions. In layman's terms, exemptions are the things you get to keep when you apply for bankruptcy shelter. Other than the federal exemptions when you are filing bankruptcy, many states have their own set of exemptions as well. It has become apparent that personal bankruptcy is on the rise since the economic depression of 2008-2009. While bankruptcy is on the rise, many others still do not understand what is bankruptcy or the process of filing bankruptcy. In this article, I will try to clear up any unknowns you might have about bankruptcy.
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