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pros and cons of filing bankruptcy advantages and disadvantages chapter 7

What are some potential positive outcomes of filing for bankruptcy?

Many debtors are surprised when they learn it is possible to actually have a higher credit score within one year after the completion of a Chapter 7 bankruptcy (than if they had not filed). Although bankruptcy case be perceived to be a negative reflection on your credit, it is not the only factor creditors use …

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does filing bankruptcy stop a lawsuit

What happens to a credit card lawsuit if I file bankruptcy?

You may be considering filing for bankruptcy if you were served with a credit card lawsuit. If so, you definitely want to know what happens to a credit card lawsuit if I file bankruptcy? The Automatic Stay Immediately after filing bankruptcy the Federal Automatic Stay is invoked (unless you aren’t eligible for it due to …

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When can you seal your record in Nevada?

When can you seal your record in Nevada? (expungement)

When can you seal your record in Nevada? (expungement) In Nevada, there are a few waiting time periods that must pass before you can file to seal your record. Arrest without a conviction after dismissal or acquittal: no waiting period Misdemeanor: 2 years Gross Misdemeanor: 5 years Misdemeanor DUI: 7 years Misdemeanor Domestic Violence: 7 …

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Related Links

  U.S. Bankruptcy Code Federal Rules of Bankruptcy Procedure HOW TO GET THE BANKRUPTCY PROCESS STARTED Los Angeles Bankruptcy Attorney Blog California Bankruptcy Lawyer Nevada Bankruptcy Attorney Interim Procedures Regarding Chapter 7 Fee Waiver Provisions Census Bureau Median Family Income By Family Size Approved Credit Counseling and Debtor Education Providers N.A.D.A. Vehicle Pricing Guide Kelley …

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Debtor Education

Prior to obtaining a final discharge in a consumer bankruptcy proceeding the debtor must complete an approved instructional course in personal financial management. The instructional course typically takes about 1 1/2 to 2 hours and can be completed over the Internet, in person, or by mail. In a Chapter 7 case, the instructional course must be completed …

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