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Several things to consider when thinking of bankruptcy

July 6th, 2009

1. Learn about the types of bankruptcy.
2. Consider alternatives to bankruptcy.
3. Make sure you are eligible for bankruptcy.
4. Learn which debts will not be cancelled.
5. What will happen to your home?
6. Will you lose your car or other property?
7. Will your credit cards be paid off?
8. Is your pension, IRA, or 401(k) safe?
9. Will cosigners be stuck with your debt?
10. Consider how bankruptcy may affect your personal life.

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