Filing for bankruptcy is usually one of the last things people do when they want to get rid of financial troubles. But bankruptcy is a complex legal process to deal with for general people. What criteria determine whether or not you should file for bankruptcy? There are some warning signs that it may be time to consider filing for bankruptcy. Let’s have a look at those signs! When to Consider Filing for Bankruptcy? Knowing when to consider bankruptcy filing can make a big difference. Some factors might be pointing you toward it, and......
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What is Homestead Exemption? No one wants to file bankruptcy for fear of losing their belongings. There are some exemptions however that help to keep your home and other larger property. The Homestead Exemption is a clause that was created to help prevent a home from being seized by a debt collector in the event of the death of one spouse or filing bankruptcy. This helps you to stay in your home even if you do have to file bankruptcy and allows the homeowner to reaffirm their home loan and keep paying on......
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If you or your child gets sick or injured, getting medical attention needs to be at the top of your priorities, even if you are on a tight budget. But many insurance plans fall short of covering the bills, and because medical bills can be unpredictable, it isn’t actually easy to budget for medical bills debt. If those bills get out of hand, you might want to consider medical debt bankruptcy. What is Medical Debt? Medical debt is unsecured debt that you get because of medical care you received but did not pay for.......
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Those caught between the pinch of filing income tax form timely as well as dealing with a bankruptcy definitely can claim the title of being stuck between a “rock and a hard place.” The most common question that comes up in these situations tends to revolve around what happens with a tax refund if one is due based on the filings for the previous year. Normally, a California bankruptcy is filed in Federal court with some California rules applied, meaning ones entire financial picture has to be reorganized and cleared. Note that when a person files for bankruptcy it is not......
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