One downside of using Chapter 7 bankruptcy is the potential to lose assets. You will not lose every item you own, but you could lose some things. When you file for Chapter 7, you trade the benefit of receiving a discharge of your debts with the disadvantage of losing assets. For this reason, lawyers call this the liquidation branch of bankruptcy. If you want to file for Chapter 7, it might be helpful to learn about the assets you might lose.
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How An Offer In Compromise Works For Settling A Tax Debt
One thing you should never do is ignore a letter from the IRS that states you owe money. Owing money to the IRS puts you in a position where you must act. If you ignore the letter and do nothing about it, the IRS may garnish your wages or place a tax lien on your home. You can prevent this by working out a plan with the IRS. One plan option you have is an offer in compromise (OIC).
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How A Divorce Attorney Helps A Spouse Who Has Been Cheated On Many Times
Divorces are problematic situations that can be caused by many different situations. For example, a spouse may catch their partner involved with multiple different affairs. This kind of abusive behavior can become a way of life for many and put a marriage into the dirt. As a result, it may be necessary to pursue a divorce with the help of a high-quality lawyer to get a better result.
Multiple Cases of Infidelity Can Destroy a Marriage
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Should You Accept A Personal Injury Settlement?
One of the toughest things to handle during a personal injury case is to figure out whether a settlement is good enough. Your personal injury lawyer will look at several factors before telling you whether they think an offer is right for you so let's take a look at what those are.
Covering Long-Term Medical Expenses
Among the biggest challenges you'll face in this situation is making sure you'll get enough money to provide sufficient long-term care if necessary.
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