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Bankruptcy Blog Posts

woman using buy-now-pay-later app

Buy Now Pay Later and Bankruptcy

It is easier to spend money than it is to earn it. It is not hard to suddenly owe thousands of dollars after making a couple of purchases. Nowadays, a person can get into debt in so many ways. With so many Americans in debt and always waiting for their

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broke young adult

Why More Young Adults are Filing for Bankruptcy

Bankruptcy attorneys across the country report a growing trend: more young adults are turning to bankruptcy as a way to manage overwhelming debt. In particular, individuals between the ages of 25 and 35 are making up a much larger share of filings than in previous years. Rising Costs and Stagnant

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bankruptcy debt

How Bankruptcy Affects Joint Accounts

You may be considering bankruptcy but have joint accounts with someone else and wonder what the ramifications may be. Will the other person be affected? What happens to that joint account under bankruptcy law? Bankruptcy can be a complicated affair. There are many types of accounts as well as two

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How Various Generations Deal with Bankruptcy

In the past, bankruptcy was a topic that was not talked about much. It was almost like a curse word. You were supposed to handle your finances responsibly, and you should not even be thinking about filing for bankruptcy. That has changed with the younger generations. In the past, Boomers

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crypto currency

Cryptocurrency and Digital Assets in Bankruptcy

As cryptocurrency and other digital assets become more mainstream, bankruptcy courts are increasingly required to address how these assets are treated in consumer and business filings. All assets, whether they are physical or digital, must be disclosed during the bankruptcy process. While cryptocurrency technology may be new, bankruptcy law applies

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lawsuit

Should You File Bankruptcy Before or After a Lawsuit?

When facing a lawsuit over unpaid debt, many people wonder when they should file for bankruptcy. Is it better to file for bankruptcy before a judgment is entered or wait until after the court has ruled? The timing of a bankruptcy filing can significantly affect how much protection you receive,

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job interview

Understanding Bankruptcy Choices for Individuals with Higher Incomes

High-income earners can still get into debt and have difficulty repaying these debts. However, they often assume bankruptcy is not an option for them. While it is true that higher income can limit eligibility for certain chapters, bankruptcy law still provides several powerful tools for individuals and business owners with

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