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Category: Bankruptcy

Bankruptcy is the process in which a borrower is unable to pay debts to its creditors. There are certain facts that you must consider while filing for bankruptcy and advice to the debtors who are planning to seek it. Learn how to get rid of bankruptcy when you don’t have much time.

What is Bankruptcy

Bankruptcy in simple terms means a person or organization is insolvent or is in a state of insolvency. Insolvency means the person or the organization is not in a position to repay the debts it owes to its creditors. This…

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