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Mainly because Henry was substantially at the rear of about the payments—the vehicle's equity failed to deal with the overdue amount of money—the bankruptcy judge granted the movement, and Henry lost the car. While Many individuals are under the mistaken perception tha

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That is dependent upon the sort of bankruptcy you qualify for. Having a Chapter 7 bankruptcy, your assets might be bought (apart from perhaps your house and motor vehicle), plus your creditors will probably be compensated off with the proceeds. It's easier to qualify for the Chapt