Accidents and prolonged sickness can be a drain both emotionally as well as financially. Sometimes money crunch is caused by the inability to hold a job, or when the medical bills escalate and it becomes increasingly difficult to balance expenses.(read entire article)
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It used to be that you could simply file for bankruptcy if you got into too much financial trouble. Or at least that was the mindset of many consumers in the U.S.

Despite the 2005 changes in bankruptcy law, many consumers still think that if(read entire article)
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Declaring bankruptcy may seem like a financial disaster, but it is possible to bounce back in a short amount of time. In most cases, you have to give up your credit cards when you declare bankruptcy. But it's almost impossible to do certain thin(read entire article)
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Following many years of experience since the 'new 86 Act and its amendments and indeed considerably prior thereto a number of 'grumpy old men' ( lawyers, accountants, Insolvency practitioners, financiers and brokers ) agreed to combine their knowl(read entire article)
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After filing bankruptcy, is it difficult to qualify for credit and loans?

While much will depend on your specific situation (credit score, income, age of bankruptcy, etc.), it doesn't have to be as difficult as some people make it.

In(read entire article)
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Student debt and “undue hardship”

If you are buried deep in debt but your debt is mainly student debt you may want to reconsider bankruptcy since almost all student loans are non-dischargeable. The law is clear when it comes to student loa(read entire article)
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If you are facing serious debt problems then you might have or be considering filing for bankruptcy. If this is the case you should be aware of the disadvantages associated with going bankrupt and only do so as a last resort. In this article we s(read entire article)
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Filing for bankruptcy is an extreme move and definitely not a fast fix. It's an extended, painful proceeding with a major impact on your social standing and you're unlikely to be able to get any kind of credit for up to ten years afterwards.

The Ground Rules

The basic ground rules for any workout plan are "good faith and fair dealing." These rules apply to both the lender and the dealer. This concept of good faith and fair dealing has its origins in the common law of man(read entire article)
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The Necessity of a Keeper

When a lender feels its security is in jeopardy, it frequently places a keeper in the dealership. This action is usually precipitated by the lender losing its "comfort level" with the dealer.

While many(read entire article)
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