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The Facts Regarding Zombie Debt

If you are not familiar with the term "Zombie Debt" this refers to debt that seems to never go away or die, just like the zombies you may have seen in horror movies. Debt collectors will buy old debt ...
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Credit Problems after Divorce

Part of the divorce settlement is deciding on who is responsible for debts incurred during the marriage. Even if the divorce agreement itself specifies that certain debts are to be paid by your ...
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The Means Test in Bankruptcy

With the passing of new bankruptcy laws in 2005, eligibility for filing a Chapter 7 personal bankruptcy became tougher with the advent of the "means test." This test determines your ...
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Bankruptcy Exemptions in Florida

If you are considering filing for personal bankruptcy, you may have heard the term "bankruptcy exemptions" and wondered what it means. In a Chapter 7 bankruptcy case, which is the most ...
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Eastman Kodak Hires Legal Advisor to Address Financial Difficulties

The Kodak Company has hired a law firm, Jones Day, for advice in the financial area and the viability of the company's turnaround plan. Kodak's stock dove 54% several weeks ago and according to a Wall ...
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New General Motors Denies Responsibility to Fix Impala Problem

Last month, the New General Motors was taking action to dismiss a lawsuit relating to a suspension problem on over 400,000 Chevrolet Impalas from the 2007 and 2008 model years. They claim it is not ...
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How Filing for Bankruptcy Can Prevent Foreclosure

If you are trying to stop the foreclosure of your home by filing bankruptcy, several factors are involved that will determine the result: the type of bankruptcy you file, what you or your attorney ...
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The Basic Bankruptcy Process Explained

If you are considering the possibility of filing for bankruptcy, it's helpful to have a basic understanding of how the process works. Following is an explanation of process based upon new laws ...
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Is Filing for Bankruptcy Moral?

Most people want to pay their debts and attempt to live within a budget, but sometimes the unexpected happens and plans have to be adjusted. In today's uncertain economy, things can change ...
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Collecting Debt: What Creditors Can Do

If a judgment has been filed against you, there are a number of actions that a creditor can take to enforce payment if they so choose. The laws do vary from state to state and also change ...
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Credit Cards: A Double-Edged Sword?

Credit cards can help launch you into a better position in life if used wisely but if abused, they can quickly put you in the venomous claws of debt. They can be a great cushion, but need to be ...
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Fighting the Climbing Foreclosure Rate

According to foreclosure listing firm RealtyTrac, foreclosure sales accounted for 31% of the market in the April-June quarter. Foreclosure numbers would have been even higher but were slowed by state ...
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Re-establishing Credit after Bankruptcy

It is no myth that filing for bankruptcy harms your credit. But the good news is that it can be re-built. Your credit score will suffer after a bankruptcy and the fact that you filed will remain on ...
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Loan Modifications as a Solution to Losing Your Home

According to RealtyTrac, in the last quarter which just ended, some 31% of the homes sold were foreclosures. Many people are experiencing financial hardship all over the nation and are looking for ...
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St. Petersburg Man Faces Federal Charges for Bankruptcy Fraud

A St. Petersburg man recently pled guilty to bankruptcy fraud before federal court. The man, J.H., had filed for bankruptcy protection in early 2009. He failed to fully disclose all income and ...
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Major Tampa Development Project Files for Chapter 7 Bankruptcy

A Tampa LLC (Limited Liability Company) recently decided to scrap plans for a large development along a local river. The decision came after foreclosure suits were brought against the company by two ...
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Should You File for Bankruptcy?

Making the Decision to File for Bankruptcy Trying to decide whether or not to file for bankruptcy is a very personal and sometimes agonizing decision. Unfortunately, bankruptcy still carries a social ...
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Bankruptcy in Illinois

How Illinois Bankruptcy Laws Affect You Bankruptcy is governed by the U.S. bankruptcy code, federal law which regulates the procedures for filing the various types of bankruptcy. Due to this, most ...
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