When a company chooses to declare bankruptcy in order to receive protection from the Federal Government, it can choose to file the declaration under chapter 7 of the Bankruptcy code which means all of its assets will be dissolved and distributed amongst the creditors. Although most companies prefer to file this type of bankruptcy, there […]
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In the past, people who could not afford to pay off their student loans were able to file for bankruptcy. However, many people abused student loan bankruptcy, leading the government to make amendments to the law. Today, creditors can practically no longer be prevented from collecting by the debtor’s declaration of student loan bankruptcy. There […]
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Although bankruptcy is seemingly quite common in the world today, there are still many people who understand very little about the way that the whole process works. A lot of bankruptcy questions still proliferate on the internet and there just can’t seem to be enough resources to answer them all. Here are some of the […]
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As early as now, you must understand that going for a bankruptcy claim is not as easy as counting from one to three. Do not go for it just because it is your first recourse. You have to look deeply into the core of the bankruptcy laws, so to speak. The bankruptcy law is crafted […]
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Being declared as bankrupt is not something that many people wish to become. This is not a thing to be proud of. Most individuals even arrive at the point of denying their real financial status when the worst thing comes into their lives because they are very much aware that such circumstance is never a […]
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