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According to the St. Cloud Times, a Minnesota news source, the most common reason that individuals in the United States file for bankruptcy is illness, and much of this is due to the high cost of drugs.

John from North Carolina shared a story about his uncle, a furniture-store owner, who filed for bankruptcy in order to regain financial stability. The Great Recession resulted in many people across the United States being laid off from their jobs or losing the businesses that they had dedicated their lives to running.

Those going through a foreclosure have lots of questions to ask, such as how long does foreclosure take, what is involved in foreclosure, what options do they have and so on. Consulting an attorney is your best bet if you are late on your mortgage payments and are planning to go through a foreclosure in Minnesota.

Most people who have not been confronted with the need to file for bankruptcy protection assume that the only people who file for bankruptcy are somehow reckless spenders or otherwise irresponsible with the money.

The first misconception is that the bankruptcy laws are setup somehow to punish people for filing for bankruptcy. The belief is that the system Congress has set up works, where they will wipe out your debt or part of your debts,

It’s a question that everyone who has been struggling with debt and debt collectors has to ask themselves. The question is complicated by the fact that there are so many myths surrounding bankruptcy.

According to the data, individuals who have cancer are 2.65 times more likely to to file for bankruptcy than those who aren’t faced with this terrible affliction.

Is It Harder To Qualify For A Chapter 7 Bankruptcy Than The Other Chapters?

When you file for chapter 7 bankruptcy, you must meet 2 income qualifications. First, you must pass the means test.

The main approach in the free consultation is I want to make sure that I give the person I am meeting with enough information that they can make an informed choice on how they want to resolve their debt situation