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Chapter 7 Bankruptcy
Chapter 7 bankruptcy - also known as liquidation bankruptcy - can cancel your debts, but in order to do so the bankruptcy court might have to sell some of your property for the benefit of your creditors. The articles that lawyers have submitted to the KnowledgeBase will help you determine whether Chapter 7 bankruptcy is available to you and outline some of the issues that will arise during the Chapter 7 process.
Chapter 7 Bankruptcy
Articles
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Homeowners Underwater in Florida
Provided by James H. Monroe, P.A.
During the U.S. mortgage crisis, Florida has been leading the nation in home foreclosures. Homeowners are considered "underwater" on their mortgages when they owe more than the property is worth. Read More » -
Bankruptcy: The Differences Between Chapter 7 and Chapter 13
Provided by B. Phillips & Associates, P.C.
For those who are unable to meet their outstanding financial obligations, bankruptcy can be a healthy, responsible way to reduce debt and repair damaged credit. Read More »