What's the kind of bankruptcy where you don't have to pay for your house and your car?

Someone asked that recently, saying that's the kind they wanted. Sorry, but there isn't a bankruptcy like that. If you don't make the payments on your house or car, bankruptcy or not, you'll lose that house or car.

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Will I lose my retirement accounts if I file bankruptcy?

I'm often asked if someone will lose their retirement accounts if they file bankruptcy. The short answer is almost certainly not.

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Beware this new type of credit card offer!

Can you spell "No Grace Period"? Pay the card in full on time, still get charged interest! What's that about?

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I filed bankruptcy before, so I can't do it again. Wrong!

Someone said that to me at a dinner party recently as if it ware an established fact. But the truth is that it's completely wrong. Let's look at the truth of about that.

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I gave my car to my brother and now I'm ready to file bankruptcy. Wrong!

If you gave your car to your brother and think you're ready to file bankruptcy, you are about as wrong as wrong can be.

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