Tag "Bankruptcy"

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Filing For Bankruptcy: Pros and Cons

What is bankruptcy?  If an individual or organisation is unable to repay debts, bankruptcy offers an alternative in the form of a clean slate. It may involve paying debts off by using assets. There are

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When Should One File For Bankruptcy?

If you can’t pay your bills, have credit card debt, struggle with your car payments you need to do something.  Meeting with a bankruptcy trustee is a start and may


Most Common Form/Types of Bankruptcy

The main purpose of bankruptcy is to give an honest debtor a fresh start in life by relieving them of their debts, subject to certain terms and conditions. If a debtor becomes insolvent,