{"id":3717,"date":"2021-07-30T05:58:37","date_gmt":"2021-07-30T05:58:37","guid":{"rendered":"https:\/\/phoenixfreshstartbankruptcy.com\/?p=3717"},"modified":"2021-08-01T06:09:09","modified_gmt":"2021-08-01T06:09:09","slug":"your-life-after-bankruptcy","status":"publish","type":"post","link":"https:\/\/phoenixfreshstartbankruptcy.com\/your-life-after-bankruptcy\/","title":{"rendered":"Your Life After Bankruptcy"},"content":{"rendered":"

Are you having trouble paying your bills to your creditor? Are you worried about losing your home or your car? Are you facing hardship due to overwhelming debt? Trying to overcome financial problems can cause stress and anxiety. Many debtors face a financial crisis at some point in their lives. Fortunately, there are several debt relief options available to help you rebuild your finances, one of which is Chapter 7 bankruptcy. A <\/span>reliable Phoenix bankruptcy lawyer<\/span><\/a> can help you determine whether you are eligible to file for<\/span> bankruptcy Chapter 7<\/b>.<\/span><\/p>\n

Among the different types of bankruptcy, Chapter 7 bankruptcy is considered the most powerful and quickest option to wipe out debts and pursue debt settlement. It gives you a fresh start by eliminating your debts and allowing you to reorganize your finances. It involves the process of <\/span>liquidation<\/b> of assets to pay off your creditors. If you file Chapter 7, your bankruptcy trustee will be responsible for selling your non-exempt properties.\u00a0 The proceeds will be allocated to your creditors based on the payment plan. However, <\/span>filing bankruptcy Chapter 7<\/span><\/a> doesn\u2019t necessarily work for everyone. There are certain requirements that you need to meet before you qualify for this chapter. You need to check if you can meet the income requirements through a \u201cmeans test\u201d and if you can protect your assets using bankruptcy exemptions.<\/span><\/p>\n

Before you file bankruptcy, it is important to understand both the benefits and consequences. Aside from the known advantages of Chapter 7 bankruptcy, this article will explain the possible outcomes and effects of filing this chapter. Here are some of the questions that you might have in mind:<\/span><\/p>\n

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  1. How Long Does Chapter 7 Stay on the Credit Report?<\/span><\/li>\n
  2. How Do I Rebuild My Credit Score After Bankruptcy?<\/span><\/li>\n
  3. What is the Role of a Bankruptcy Attorney?<\/span><\/li>\n<\/ol>\n

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    <\/span>How Long Does Chapter 7 Stay on the Credit Report?<\/strong><\/span><\/h2>
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