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Bookmark or Share- What Happens When You File for Bankruptcy? - InvestopediaBankruptcy is a legal process for getting relief from debts that you cannot repay. If you file for personal bankruptcy, you generally have two options: Chapter 7 or Chapter 13. A Chapter 7...
- Bankruptcy Explained: The Different Types and How It WorksBankruptcy is a legal process where you declare you can’t pay your debts, and the court decides which debts will be erased and which debts you must be paid back. During bankruptcy, you usually have to sell most of your stuff to pay creditors.
- Bankruptcy - WikipediaBankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
- Bankruptcy - United States CourtsBankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses. This section explains the bankruptcy process and laws.
- Bankruptcy Basics - United States CourtsBankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of federal bankruptcy law.
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