In the United States, Chapter 7 bankruptcy is a potent legal weapon that lets you completely wipe off various debts, including credit card debt, medical debt, car loans, and payday loans. It's more common than you think, so you shouldn't be afraid to file for bankruptcy if necessary. That said, there are limitations. For example, not all debts can be forgiven in a Chapter 7 bankruptcy. Therefore, you want to make sure you're making the best decision possible by learning about what declaring bankruptcy means and how it can affect yo…
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