The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, also known as the BAPCPA, was
devised to make it more difficult for consumers to file for Chapter 7 bankruptcy. Under
Chapter 7, assets are liquidated to pay-off creditors, and most unsecured debts, such as credit card
and medical bills, are discharged....
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Personal bankruptcy filings reached 1.5 million in 2010, the highest level since the Bankruptcy
Abuse Prevention and Consumer Protection Act was passed by Congress in 2005. Lots of financial
stresses and setbacks push people into bankruptcy, including job loss, severe illness, or home
foreclosure....
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People rely on their cars to drive to work, school, and shopping. They need to get the kids to
soccer and run errands. But what if they can no longer afford to make their scheduled car
payments on time?...
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When creditors see late or missed payments, they can turn the delinquent account over to a
third-party debt collection agency to pursue the debtor. Since there are financial incentives
for successful debt collection, many bill collectors resort to aggressive, unethical, or illegal
practices now prohibited by a federal law known as the Fair Debt Collection Practices Act
(FDCPA). ...
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As Philadelphia bankruptcy attorneys, we've seen home foreclosure rates in Media and Philadelphia
reach unprecedented highs and more and more individuals are forced to consider bankruptcy for debt
relief due to job loss, divorce, or mounting credit card bills....
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The Philadelphia Bankruptcy Attorneys at The Bankruptcy Legal Group offer some insight into the new
bankruptcy laws and answer common questions regarding personal bankruptcy, debt counseling,
creditors and fitting the requirements for Chapter 7 and chapter 13 in Pennsylvania. ...
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The actions that you take after you have filed for bankruptcy will be different depending upon the
type of bankruptcy case. Whether you've filed for Personal Bankruptcy or Business
Bankruptcy in Philadelphia, find out what steps you need to take next by reading this
article. ...
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