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How to keep the family home during bankruptcy

Individuals usually decide to declare bankruptcy after they have exhausted all other financial options. Bankruptcy allows people a fresh financial start, but with a cost. To satisfy as many outstanding debts as possible, banks may require an individual to liquidate…

Chapter 7 bankruptcy for businesses

Chapter 7 is traditionally associated with personal bankruptcy filings. However, in some cases, businesses can file for Chapter 7. It depends on how the business is structured. Sole proprietorships are considered legal extensions of their owners. However, Chapter 7 can…

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