Debt Basics

Debt Basics
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The Advantages of Bankruptcy

Bankruptcy does offer attractive advantages to the financial challenges. There are many things to remember when considering bankruptcy:

  • A Fresh Financial Start
    In most cases, the allure of bankruptcy is a release of debt and a fresh financial start.
  • Keeping Assets
    You may be able to keep many of your assets, although state laws vary.
  • Collection Efforts Stop
    As soon as your petition is filed most collection activity ceases.

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* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.