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The idea of declaring bankruptcy proceeding terrifies many folks since they envision it implies they’re going to drop almost everything; the truth is quite the opposite. If you decide to lodge Chapter 7 bankruptcy proceeding, case of bankruptcy rules helps you maintain your relieve residential property, whicha€”for plenty of people experiencing the outlook of completing personal bankruptcy in Lone-star statea€”is more or all of their residence. You’ll still must pay any legitimate liens the residence.

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