Author: Ralphie Simon

Real estate, automobiles, and business property are liquidated and auctioned when you file for bankruptcy to repay creditors. However, not all assets are subject to liquidation; exempt assets may be retained by the debtor. What Are The Three Categories Of Assets For Bankruptcy? In order to grasp what may be at stake, it is essential to recognize which assets may be liquidated in a Chapter 7 bankruptcy. In Bankruptcy, There Are Three Sorts Of Assets: Personal effects. These are the material items, which include clothing, furniture, works of art, and automobiles. Real estate. Land and structures, such as a house…

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Debt consolidation can be a great way to save money and pay down debt, especially high-interest credit card debt. Debt Consolidation Loan vs. Balance Transfer Credit Cards are two options to consider. What is the best one for you? Balance transfer credit cards let you transfer debt from other sources and often have introductory periods with 0% interest. Debt consolidation loans are unsecured personal loans that can have lower interest rates than other types of debt. Both balance transfer credit cards and debt consolidation loans can help pay down debt and save money. However, it’s important to compare your options…

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Debt can feel like a heavy burden to carry, especially when it’s spread out across multiple credit cards or loans. According to a 2021 Experian report, Americans with credit cards have an average debt of $5,525 – and that doesn’t even include other debts such as mortgages, car loans, or student debt. The task of paying off debts at the same time can be incredibly challenging for many consumers. It can be difficult to prioritize debt repayment when you have multiple outstanding balances. While you should always make at least the minimum monthly payment on each debt you owe, you…

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