$1 million in medical bills lead to bankruptcy filing.(Brief article)Friedman, Mark
Congress enacted bankruptcy laws to help you. The law recognizes that when you are swamped with debt, you are unable to provide for your family or to be productive in our economy. It is in your best interest, and in the best interest of the people who depend on you, to clean the slat...
Chapter 7 bankruptcyisn’t great for your credit score and will appear as a public record for 10 years after filing. However, most consumers who file for bankruptcy have already had their credit damaged by
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While bankruptcy is an efficient tool for debt relief, it doesn’t necessarily wipe out all debts. Unsecured debts like credit card debt or medical bills are almost always discharged, but other debts like some taxes or priority obligations like child support are largely exempt from discharge in ...
Chapter 7 Bankruptcy What is Chapter 7 Bankruptcy? Chapter 7 wipes out most debts. The discharged debts include things like credit cards and medical bills. Whether you qualify is mainly based on your income.The Chapter 7 page has the details…. ...
The Dow Corning Corp. bankruptcy filing will have an immediate impact on everyone from the 410,000 participants in the massive breast implant settlement to thousands of bondholders and investors in an array of medical and chemical stocks.
Focus On Spending Reduction One way to get out of debt without filing for bankruptcy is to focus on spending reduction. This involves taking a hard look at your spending habits and getting rid of unnecessary expenses. Start by making a list of all your expenses so that you can prioritize wh...
Filing an income tax return after filing for bankruptcy does not have to be a problem, as long as you know what to watch out for, including when and how to file.
A New Jersey Bankruptcy Lawyer Can Help With Your Totaled Car Loan Along with credit card debt and medical bills, one type of debt that I see quite a bit as a New Jersey debt relief lawyer is a loan balance on a car that has been repossessed. The person got behind on the payment...