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Bankruptcy and the Low-Income Client

By David S. Yen

Although often regarded as a tool for people with more assets, bankruptcy can be helpful as well for low-income clients facing constant demands from creditors and collection agencies and needing a fresh start. An overview of the bankruptcy process, particularly proceedings under Chapter 7 and Chapter 13, gives a sense of the pros and cons for low-income clients and shows how such clients may respond when they are creditors, not debtors, in a bankruptcy petition.

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