Category : Bankruptcy : Business & Finance

Debt Reduction Tricks

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Reducing your debt is similar to reducing your weight. It all comes down to one bottom line. To lose weight, you must spend more calories than you take in. To lose debt, you must take in more dollars than you spend, by reducing expenses or increasing your income, perhaps through a part-time job. Bet

Help on a Bankruptcy

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For many consumers, bankruptcy is a logical option for relief from burdensome debts. Many if not all debts are forgiven or restructured, and collection actions against the debtor stop. Bankruptcy proceedings can be very complex. Many debtors need help to ensure the bankruptcy is filed appropriately.

Bankruptcy Myths and Facts

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People who find themselves trapped by debt may consider filing for bankruptcy and may have many questions about the bankruptcy process. It is important to know about the myths and the facts about bankruptcy before pursuing this legal option to discharge or reorganize your debt.

GDP vs. Consumer Debt

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GDP stands for gross domestic product, which is the value all goods and services produced in a certain period, such as a year, in the United States or another country. Consumer debt is the amount of debt that consumers have outstanding, excluding mortgage loans.