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Bankruptcy law also requires the trustee to ask you queries To make certain you know how bankruptcy functions and the possible penalties of submitting bankruptcy, like the impact on your credit rating file.
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When the automatic stay is in outcome, creditors are commonly prohibited from getting any action to collect over a credit card debt. This consists of things like calling the debtor to desire payment, garnishing the debtor's wages, or foreclosing around the debtor's house.
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