Filing For Individual Bankruptcy: "Filing for individual bankruptcy is not an easy thing to do and normally its done as a last resort. In our society, the filing of bankruptcy often brings with it embarrassment and a stigma that can literally destroy the psyche of some. But, there are times when you have no other viable choice than to file for bankruptcy.
When you file for individual bankruptcy in the U.S., you typically are choosing between two distinct types of filings - Chapter 7 or Chapter 13. Based on statistics, most individuals end up filing for Chapter 7 bankruptcy. Under Chapter 7, the court will liquidate certain of their assets and give the money derived from them to the creditors. In return the debt to the creditors will be deemed paid."
Thursday, April 29, 2010
Tuesday, April 27, 2010
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