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Understanding bankruptcy: Debts that can not be cleared after filing

by Administrator 31. January 2012 08:03

In order to understand bankruptcy, it may be a good idea to know the difference between debts that can be wiped away by filing and those that can not.

If you are looking to file for bankruptcy in order to rid yourself of student loans, child support, alimony, restition, secured debt, income tax liability, and legal fees and credit card fees associated with  an ex-spouse.

One exception, is that you are allowed to give up a car, jewelry and other purchased goods to a lender in order to rid yourself of this payment.

If you or a loved one has questions about debt or want to know how you can best resolve yours, contact the Arizona debt negotiation lawyers of the Harmon Law Office by calling 480-829-0494 today.

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