Arizona Republic: “Bankruptcy doesn’t always work as advertised. For starters, not all debts – including student loans, some tax liabilities and child-support obligations – can easily be shed, if at all. Also, not all applicants can qualify for the type of filing they want, such as debtor-friendly Chapter 7 plans that are restricted to people with relatively modest incomes. Besides, there are many nuances in the law that can thwart debtors and creditors – intricacies of which even some attorneys might not be aware.”
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