Archive | December, 2017

Reasons Why People File for Bankruptcy

December 13, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

In order to know why people file for bankruptcy, one must first know what bankruptcy is. Bankruptcy, as defined by Nolo.com, is the process by which individuals and businesses clear debt with the protection of the federal bankruptcy court. Furthermore, there are two types of bankruptcies for which to file: liquidation and reorganization. Chapter 7 […]

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