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How are utility bills treated in bankruptcy?

If you may have fallen behind on your utility bills, such as your water, sewer, electric, gas or telephone bills and you file for bankruptcy. The Bankruptcy Code has a special section that specifically relates to utility companies: 11 USC §366.  43 more words

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Is student loan debt dischargeable in bankruptcy?

As many borrowers struggle to repay student loan debt, bankruptcy is one strategy that gets offered as a potential option. Unlike other types of consumer debt such as credit card and mortgages, student loans traditionally cannot be discharged in bankruptcy. 7 more words

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Can I wipe out medical bills by filing for bankruptcy?

You may be surprised to learn that medical bill debt is one of the most common reasons people file for bankruptcy. But, it happens. And, in today\’s health care world, it is financially devastating. 47 more words

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Can I load up on debt just before the bankruptcy?

You should NEVER think of debt load up before bankruptcy. Do you want to know why? You are taking something with no intention of paying for it. 65 more words

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Do I have to list all of my property when I file for bankruptcy?

Yes. Bankruptcy laws require that you fully disclose all of your assets. The FBI fraud division, IRS auditors, and the U.S. Trustee’s office examine bankruptcy filings. 44 more words

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Do I have to go to court if I file for bankruptcy?

Unless there are issues that cannot be resolved among you and your creditors, you will probably not need to go to court. You are required to attend one meeting, but it’s not held in a courtroom and a judge will not preside (in fact, the judge is prohibited from being there). 56 more words

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What happens to my assets during a bankruptcy?

It depends on which kind of bankruptcy you file. In a chapter 7 bankruptcy, a person must list all of his or her property and debts. 50 more words

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