Category: Chapter 7 Bankruptcy
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Don’t Let Creditors Harass You After Bankruptcy
Bankruptcy law is clear: once your debts are discharged in bankruptcy, no one can legally collect the money from you. However, some unscrupulous creditors will still demand that you pay debts that have been discharged in bankruptcy. There is no reason to put up with this type behavior. This article from the New York Times shows…
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Life Insurance Payments and Bankruptcy
The general rule is that once a person has filed for bankruptcy, no one is allowed to take the debtor’s money or property for any reason. This allows a person breathing room and time to sort out their finances. However, there is an important exception for a debtor with a life insurance contract. 11 U.S.C.…
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Bankruptcy Terminology
Bankruptcy is foreign to most people, but it doesn’t have to be confusing. Below are common bankruptcy words and phrases that you will hear around the Bankruptcy Court in Sacramento. Bankruptcy lawyers aren’t the only people that need to understand the lingo. As a debtor, you also need to know what is happening with your…