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Understanding When It’s Time To File For Bankruptcy

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Are you considering the option of filing bankruptcy to get out from under the debt that has been haunting you for years? If so, you aren’t alone. Thousands of people file for bankruptcy every single day, but coming to the decision to do so can be difficult. There is no perfect solution to decide whether or not filing for Chapter 7 or Chapter 13 bankruptcy is right for you or not, but there are a few questions you can ask yourself or local bankruptcy attorneys to help make the decision that much easier. Below are just three of those questions:
1. What is the Severity of the Debt? - One of the first questions you need to answer in order to decide whether or not filing bankruptcy would benefit you is how severe your debt is. Bankruptcy attorneys will typically say that if yo

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