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That is also referred to as “wage earners” bankruptcy, since you needs to have a daily cash flow to qualify. The purpose is to resolve some debts and obtain current on secured financial loans — All those with collateral, such as a home or car. Here's how to determine

You might also manage to exercise a compromise or settlement by negotiating Using the financial debt collector in advance of a courtroom tends to make a judgment. If you can't, You will likely reduce it in Chapter 7. The Chapter seven bankruptcy trustee will promote the home or car

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