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Can One Spouse File Bankruptcy Without the Other?

While married couples are bound together by the vows they take, when it comes to filing bankruptcy, things are viewed a little differently. Can one spouse file bankruptcy without their partner? Or is it better to file bankruptcy together? First off, yes, you can file bankruptcy either as an individual or with your partner. But the path you and your partner decide to take will depend heavily on your financial situation. Your Options for Filing Bankruptcy as a Married Couple Perhaps…

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How Long Does Chapter 7 Bankruptcy Take?

By now, you probably know the benefits of filing for Chapter 7 bankruptcy. Among them is the relative speed with which you can receive a discharge. The sooner your bankruptcy closes with a discharge, the sooner you can start fresh financially. But how long does Chapter 7 bankruptcy take, from filing to discharge? The general rule is that Chapter 7 cases take four to six months to complete. A Chapter 7 case free of any issues will take about four months.…

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What Happens When You File Bankruptcy?

Bankruptcy used to strike fear and a sense of desperation in the hearts of many. But in an economic environment like today's, it's not uncommon for thousands of hardworking Americans to find themselves struggling with overwhelming debt. Filing bankruptcy gives you the ability to create a better financial future for yourself. It's not a failure; it's an opportunity to get a fresh start and get out from under a mountain of crushing debt. But how exactly does bankruptcy work, and what happens…

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How Often Can You File for Bankruptcy?

There is no limit to the number of times you can file for bankruptcy in your life. However, how soon you can file after your debts are discharged in bankruptcy is another matter. The timing of receiving another discharge depends on the type of bankruptcy filed, its timing, and how it was resolved. So the question is less "how often can you file for bankruptcy?" and more "how often can you get a bankruptcy discharge?" In the following article, we…

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Is Filing Bankruptcy on Your Own a Good Idea?

A medical issue, divorce, unemployment, or other problem can leave you broke and struggling to get out of debt. Without much money, you could be tempted to file for bankruptcy on your own. Be warned, though, that filing bankruptcy “pro se”, or without an attorney, can be a waste of time and money. It’s easy to make mistakes during the difficult and stressful bankruptcy process, especially if you haven’t gone through it before. In this article, we discuss common mistakes…

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