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Contemplating chapter 7 bankruptcy

Chapter 7 Bankruptcy Law

Things one should consider when contemplating filing chapter 7 bankruptcy is whether there is any hope of repaying the debts to creditors, whether or not there are any co-signors to any notes in question, and whether or not there are any eminent court actions involved. Filing a chapter 7 bankruptcy proceeding stays all other legal actions and thus eliminates some stress for the debtor.

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