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What Happens If a Debt is “Charged Off?”

I often hear clients tell me that they no longer owe xyz credit company a debt because the company “charged off” the debt.  However, this is simply not true.  Your lenders will generally “write off” a delinquent account as a bad debt after 180 days, or six months....
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What Happens To My Personal Belongings When File For Bankruptcy?

Potential bankruptcy clients are sometimes afraid that they will lose assets such as their home, furniture, automobiles, and other personal belongings. Exempt assets are personal belongings that cannot be taken by the bankruptcy trustee and sold.  Massachusetts is one of about fifteen states where attorneys may decide to use Federal...
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