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Monthly Archives: July 2013

Student Loan Debt Tops $1 Trillion

July 29, 2013 | Posted in News

U.S. student loan debt has hit an all-time high of $1 trillion dollars recently, and the federal interest rate has just doubled. With student loan debt outpacing credit card debt as the primary source of personal debt in America, what is being done to mitigate the level of debt? If you are struggling with debt, […]

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When to Choose Chapter 11 Bankruptcy

July 26, 2013 | Posted in Bankruptcy

Whenever you hear about bankruptcy, the two main options you generally hear discussed are Chapter 7 and Chapter 13. However, lesser-used solutions such as Chapter 11 exist, so how do you know which option is best for you? If your business is seeking for a way to continue operations, then you can cross Chapter 7 […]

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Most Common Non-Dischargeable Debts in Chapter 7

July 24, 2013 | Posted in Debt

Working with a bankruptcy lawyer is an incredible opportunity to discharge debts and experience a fresh start for your financial life. While Chapter 7 is designed to help you regain your financial footing, there are many debts that cannot be discharged. Understanding which debts can and cannot be discharged through Chapter 7 is vital, since […]

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Chapter 9: Detroit Bankruptcy Gets Complicated

July 22, 2013 | Posted in News

For months, Detroit has been on the verge of filing for bankruptcy, but bankruptcy attorney Kevin Orr has been fighting to keep the city afloat. Despite the preventative actions from the city, Chapter 9 remains an imminent possibility. Should Detroit file for Chapter 9 with the help of its bankruptcy attorney, it will become the […]

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Top 3 Most Common Bankruptcy Mistakes

July 19, 2013 | Posted in Filing Bankruptcy

Filing for bankruptcy provides individuals an incredible opportunity to experience a fresh financial start, but even the smallest mistake can ruin the benefits you would have otherwise received. Though working with a Cincinnati bankruptcy attorney provides guidance as you’re filing for bankruptcy, there are still many responsibilities you must embrace. By familiarizing yourself with the […]

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Understanding Income Taxes and Bankruptcy

July 17, 2013 | Posted in Taxes

Dealing with the IRS is a stressful experience for any individual. The financial and legal complexities concerning taxes can be difficult to understand, and the IRS isn’t the easiest entity to deal with. However, contrary to popular belief, it is possible to eliminate tax liability with the help of a bankruptcy lawyer. Though back taxes […]

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Confusion: Did Detroit Masonic Temple File for Bankruptcy?

July 15, 2013 | Posted in News

Rumors, speculations, and a factually incorrect publication from The Detroit News and The Associated Press have created confusion surrounding the Masonic Temple in Detroit. It was originally published that the Masonic Temple in Detroit was filing for chapter 11 protection with the help of a bankruptcy lawyer, meaning that the city of Detroit potentially faced […]

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How to Recover Wage Garnishment After Bankruptcy

July 12, 2013 | Posted in Wage garnishment

When you file for bankruptcy, “automatic stay” is immediately enacted, protecting you from wage garnishment. If your creditors engage in certain collection activities against you, it may be possible to recoup some of your garnished wages after filing for bankruptcy. With the help of a Cincinnati bankruptcy attorney, you can recover some of the garnishment […]

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