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Bankruptcy Is A Powerful Financial Tool

     When dealing with a difficult financial crisis bankruptcy is often times a good option.  However, because bankruptcy is such a powerful financial tool and can only be utilized every so often the decision to file bankruptcy should be well informed. A bankruptcy attorney is the best resource to become informed as to your debt relief options and how a bankruptcy may or may not help you.

     As a bankruptcy attorney I use the free consultation process to assess a person's (or corporation's) financial situation and advise them as to how a bankruptcy would play out.  The bankruptcy process is extremely complicated and has many layers.   In fact, just deciding which chapter of bankruptcy (7, 11, 12, 13 or 9) can be a complex decision with many positive and/or negative attributes.

     Certain bankruptcies are designed to help a person or company to reorganize their liabilities all the while maintaining their business or financial affairs.  Other types of bankruptcy can be a liquidation solution.  Only a detailed assessment of the person's (or corporation's) financials will shed light on whether the power of a bankruptcy is the proper solution.

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