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TIP! In any personal bankruptcy filing, it is essential to make certain to list all elements of your financial life in your petition and other paperwork. Failing to include all income sources or omitting individual debts and accounts can lead to substantial problems down the road that can limit the dischargeability of some of your most substantial obligations.
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TIP! Before deciding to file for personal bankruptcy, you should take the time to perform a thorough budget analysis. Analyzing your budget will let you know if you will be able to pay off your debts once your bankruptcy proceedings are complete.
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TIP! You will most likely need to consult with a lawyer who specializes in the field of bankruptcy prior to filing. Be diligent in your research before you hire someone to represent you.
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