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Bankruptcy

: The Debt Podcast

In Bankruptcy -Tell tell the truth, the whole truth and nothing but the truth

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Here’s the deal when you file bankruptcy.  You tell the truth. You disclose everything.  You keep what is exempt.  The trustee takes everything else and distributes that among your creditors.  In exchange you get a fresh start. The idea of bankruptcy is to get a discharge of all your debts so you get a fresh start. But [...]

Full post as published by The Debt Podcast on March 07, 2010 (boomark / email).

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