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Only filers who do not have plenty of money to pay into a lengthy repayment system will qualify for Chapter seven. And creditors will get payment provided that the debtor—the individual filing the case—owns assets that can be sold through the Chapter seven trustee—the individual chargeable for administrating the case. The dearth of the repaym
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With no use of cash collateral, numerous solitary asset housing debtors can not fork out the necessary curiosity payment.You do not qualify for Chapter 7 bankruptcy Unless of course you've got Particular conditions that justify added charges or changes of latest every month money, which you'll be able to work out partially four of this manner.edito
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If you can afford to pay for a repayment prepare, the court may regulate your filing to Chapter 13. Significant-cash flow earners are typically less than far more scrutiny.After you file for bankruptcy, the court puts in place the "automatic stay." The automatic remain is undoubtedly an buy that stops most creditors from relocating forward with col
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