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Keeping your property, even in bankruptcy

One of the most common concerns voiced by individuals who are considering bankruptcy is over losing important personal property. While you may have to relinquish certain assets if you file for Chapter 7, a popular choice for Washington D.C.-area bankruptcy applicants, this does not mean that you will have to give up everything.

Using 401(k) funds to pay off debt may not have desired results

Having substantial debt can affect anyone during his or her life. If you have accrued a debt amount that has made your life more difficult, you may wonder how you could potentially address the outstanding balances in hopes of bettering your financial situation. Though various ideas may come to mind, you may wish to remember that certain tactics could potentially make your situation worse rather than giving you the reprieve for which you had hoped.

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