When it comes to bankruptcy, the arrival of inherited assets can be a game-changer. This windfall might initially seem like a lifeline for those facing financial turmoil. However, it’s imperativ..
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Presently, a significant portion of the population faces financial hardships monthly as the lingering impact of the economic downturn gradually recedes from sight. A few individuals in the United Stat..
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Bankruptcy significantly affects a person’s credit score, often resulting in a noticeable drop. This decrease is because bankruptcy filings remain on credit reports for a considerable period. Fo..
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A 2022 survey by the Kaiser Family Foundation has revealed between 2017 and 2022, over 50% of adults in the United States have been in debt due to medical or dental bills. Seventeen percent of adults ..
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Inflation has affected the household budget of millions of Americans. According to the US Bureau of Labor Statistics, since April 2021, the price of groceries and rent have increased by 20%, and elect..
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According to the data provider Epiq Bankruptcy, the number of small businesses filing for Chapter 11 bankruptcy increased by 13% between 2021 and 2022. Businesses like the Pleasant Prairie Corner Bake..
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A bankruptcy trustee plays a significant role in both Chapter 7 and Chapter 13 bankruptcy cases. Appointed by the court, a trustee essentially serves as an impartial administrator whose job is to mana..
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In 2020, a global health crisis altered many aspects of daily life, including bankruptcy laws. As COVID-19 spread rapidly, legislative bodies acted swiftly to modify financial regulations. A host of c..
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