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Chapter 7 Archives

Get to know how bankruptcy can help you eliminate debt

Chapter 7 bankruptcy is one kind of bankruptcy you can choose if you are struggling to pay your bills and are overwhelmed with debts. Chapter 7 bankruptcy isn't the only option, but it is the type of bankruptcy most people think of when they consider entering into bankruptcy.

Myths about Chapter 7 bankruptcy

Chapter 7 bankruptcy is known as the liquidation bankruptcy because many of your assets are sold off to pay your debts. Even though this is a fairly common form of bankruptcy, there are still many myths that surround it.

Hotel group requests bankruptcy in Arkansas

When a business is costing more than it brings in with profits, it's sometimes time to sell or to consider bankruptcy. By selling the property off, you can avoid staying in debt. With a bankruptcy, you may be able to sell for a lower price that is affordable to others while still eliminating any outstanding debts you owe.

Stop fretting over what's done and take action for the future

February 11th is National Don't Cry Over Spilled Milk Day, and while it's likely one of those tongue-in-cheek holidays created to fill a fun calendar, we think the spirit of the day is perfect for anyone dealing with critical debt levels. It's so easy to get caught up in what you've already done wrong that you never turn around to figure out what you can do to fix the issue now and in the future.

Bankruptcy is a useful tool for getting a fresh financial start

Having more bills than you have money is a situation that isn't fun to be in. If this is your reality right now, it is time to take control of your finances so that you don't have to live with the struggle any longer than necessary. One option that you have is bankruptcy. Many people will scoff at the prospect of filing bankruptcy, but it is important to realize that this can be a very useful tool if you are truly trying to get your finances back on track.