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Blog Posts in December, 2010

What happens when my ex-spouse files for bankruptcy?

First of all, it is important to remember that once one files for bankruptcy, the automatic stay applies. If you are a creditor, this means that you will not be able to contact your ex-spouse in ...
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Can I use my 401K in order to avoid bankruptcy?

While you may use your 401(k) in order to pay back debt, it is not recommended. Your 401(k) is exempt from bankruptcy so therefore, if you file for bankruptcy you will be allowed to keep it. ...
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What happens to property I own in another country?

When you file for bankruptcy, you must declare all your assets including any property owned in another country. There is no exception for income coming from a foreign source. The bankruptcy trustee ...
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