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What is a reaffirmation agreement in bankruptcy?
What is a reaffirmation agreement in bankruptcy?

People in Vancouver who are contemplating bankruptcy are often torn between their desire to cancel their debts and to keep certain assets that may have created one of the debts -- the family car, for example. In a Chapter 7 proceeding, the debtor must turn over all assets to ...

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Blog posts in Bankruptcy

  • What is an executory contract in bankruptcy?

    As many businessmen in Vancouver have learned, dealing with a company on the verge of bankruptcy can be difficult. Payments for goods and services are ...

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  • Taking the bankruptcy plunge: a lawyer can help

    The decision to file a petition in federal Bankruptcy Court can be very troubling. People in Vancouver worry about the impact on their credit rating ...

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  • How does a bankruptcy filing protect the debtor from creditors?

    Many people in Vancouver have overindulged in credit card purchases, and they are unable to make even the required minimum monthly payments. Caught ...

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  • What is a 341 meeting in a bankruptcy proceeding?

    Chapters 7 and 13 of the Bankruptcy Code have many differences, but one similarity is the compulsory meeting of the debtor and his or her creditors. ...

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  • What is a small business bankruptcy?

    Many small business owners in Vancouver understand how seeking protection from creditors in bankruptcy court can be beneficial, but many of these ...

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  • The maze of bankruptcy exemptions

    Many residents of Vancouver who decided to seek protection under the federal Bankruptcy Act do not realize that they can designate certain assets as ...

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  • Can a person file for bankruptcy and keep the family home?

    People in Vancouver who are considering filing a bankruptcy petition have many questions, but the most common by far is the future of the family's ...

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  • Will all my debts be discharged in bankruptcy?

    One of the common questions asked by Washingtonians considering bankruptcy is whether all of their debts will be wiped off the books, or discharged, ...

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  • When is a lease not a lease?

    Many individuals and small businesses in Vancouver use various forms of financing to acquire or rent personal property, such as automobiles, ...

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