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Bankruptcy, Is It Right For You?

Bankruptcy, Is It Right For You?

The word bankruptcy to many is a scary word. Bankruptcy is for many considered a last report to their debt problems. What exactly is bankruptcy? It is a legal statement that confirms that you are unable to pay all of your debt back. Your assets such as your house and car are distributed between those to who you owe money, and the debt is written off completely. Those who choose bankruptcy often see it as a way to make a…

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