Were you recently injured in an auto accident by a driver that did not have auto insurance, and now wondering how you are going to get your compensation? If so, it helps to know the following things.
Don't Believe The Responsible Driver
The way that most auto accidents work is that the injured person will use the responsible person's insurance policy to receive money to cover the medical bills and other expenses.
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When people file bankruptcy petitions, they often focus on what it takes to achieve acceptance. However, there is an argument for assessing your case based on why a judge might reject it under bankruptcy law. While not bankruptcy attorney services provider can guarantee a petition won't be rejected, you should pay attention to these four common areas of concern.
1. Financial Ineligibility
When someone submits a bankruptcy filing, they have to include proof that their circumstances justify it.
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Chapter 7 bankruptcy is a process that involves the liquidation of the debtor's disposable assets. This means selling off a lot of what you might own to pay back a portion of what is owed to your creditors. Unsurprisingly, some folks may feel like they just need some time and want to try to restructure their debts.
There is a way, however, that you might be forced to pursue Chapter 7.
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Bankruptcy is an option for those that aren't able to keep up with paying their bills, or can hardly pay their bills and survive after making those payments. If you have a lot of debt, but aren't able to keep up with the payments, or aren't able to pay for other monthly bills such as utilities or groceries, there are options for you. Read on for information that may help you get out of debt.
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When you have no other options for getting out of debt, you might want to turn to Chapter 7 bankruptcy. This branch provides freedom from debt and is relatively fast. If you qualify for it and have a lot of credit card debt, you can acquire a significantly better financial position after using it. As you prepare to file, it might be helpful for you to know these three things about your credit cards.
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