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From the category archives: Ron Lundquist Bankruptcy Blog

Debt Reduction

Types of Debt Wiped Out by Bankruptcy

If you are considering filing for bankruptcy, it’s best if you know all your options and how filing for bankruptcy can help you. The overall purpose of filing for bankruptcy is, if you are struggling, eliminating some of the debts you owe so you can get back on track. No one wants to file for bankruptcy, but sometimes you don’t have a choice. At Ron Lundquist, I typically work with two types of bankruptcy, Chapter 7 and Chapter 13. Each of these filings comes with its own benefits, all of which I will explain in detail here.

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Credit Cards After Bankruptcy

Recovering from bankruptcy will happen sooner and easier than you think. The key is to re-establish your credit on all fronts. For instance, you’ll want to build your credit score back up so that you can apply for a car loan, a home loan, or attract a lender for a personal loan. The best place to start to rebuild your credit may be in applying for a secured credit card.

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Life After Bankruptcy Discharge

If you find yourself in financial trouble, struggling to make ends meet and choosing between bills to pay, you may consider bankruptcy to help alleviate the weight of your financial burdens. As you consider the process, like many others you may also find yourself wondering what life after Chapter 7 or 13 bankruptcy discharge is like.

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Should I Consider Filing Bankruptcy?

If you find yourself thinking of filing bankruptcy, you may have a lot of apprehension and questions. Bankruptcy is a great tool available to help people hit the reset button on their finances. While the law can be tough to navigate, a bankruptcy attorney such as myself can lend a helping hand, making the process smooth and stress-free. After over 20 years of experience as a bankruptcy attorney, I can assure you it can greatly benefit you if you’re struggling with burdensome debts.

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How Does Chapter 13 Bankruptcy Work?

There are different types of bankruptcy, and two in particular that I specialize in: Chapter 7 and Chapter 13. These two kinds are available so that filers are able to determine the best course of action suited to their financial circumstances. While I’ll be focusing here on Chapter 13 bankruptcy, you can read more about Chapter 7 here. To put it plainly, the biggest difference with Chapter 13 is that with this type of bankruptcy, you agree to pay back some debts, as opposed to discharging them all within the filing.

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Budget, Debt, and Bankruptcy: Tracking debt, income, and expenditures

If you’ve reached my website, you’ve probably done all you can to reign in your spending. You’ve worked through all kinds of budgets, analyzed your sources of money, and worked hard to get back on top of your bills.

First, I’m going to list some hints that you’ve probably heard before.

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Mistakes To Avoid: How To Recognize When And Where You Are Exposed Financially

Recovering from bankruptcy means more than re-establishing credit. True recovery means that you need to change the way you think about credit and money.

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