This bankruptcy timing rule could determine whether you keep recent payments or lose them to creditors. Here's why.
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What is Rule 523 in bankruptcy?
Rule 523 dictates the debts you can't erase through bankruptcy (and the list might surprise you).
Bankruptcy is a legal process designed to relieve debt that a borrower cannot repay. It offers individuals and businesses a fresh financial start by liquidating assets or establishing a payment plan.
Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...
If you’re exploring bankruptcy, that probably means your debt situation is serious. It can be really frustrating to find out that bankruptcy cases cost money. If you had money, you might not need ...
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