| Bankruptcy Is Sometimes the Best Option (2007-06-25) |
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statha
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Very Interesting Information, You post very nice article about bankruptcy. I think every people should read this. Appreciate from this post. Nice for sharing this lovely article.
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Wed Feb 02, 2011 10:58 am |
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jeffreymint
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Would it help to just file for bankruptcy or better to sell property/properties instead and avoid the nitty-gritty paperworks?
Would that be a better solution/ method to resolve financial burden?
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Fri Feb 04, 2011 4:53 pm |
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debthelp
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For people facing very serious financial difficulties, filing bankruptcy is an option with many advantages. And in my opinion, knowing the advantages and disadvantages of bankruptcy can help you prevent financial ruin. In my opinion, the benefits of filing for bankruptcy outweigh the consequences.
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Tue Aug 30, 2011 6:00 pm |
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davidcosell
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Bankruptcy or insolvency is a legal status of a person or an organization that cannot repay the debts it owes to its creditors. Creditors may file a bankruptcy petition against a business or corporate debtor in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor. An involuntary bankruptcy petition may not be filed against an individual consumer debtor who is not engaged in business.
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Wed Aug 31, 2011 6:10 pm |
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Eric80
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Bankruptcy is not always the best option, as they sell your assets to pay off debt. Other options are debt consolidation, debt management plans and IVA’s that can be more viable for people. It is best to contact a financial advisor if you are considering bankruptcy.
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Sun Oct 30, 2011 12:22 pm |
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pocketguide
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Filing bankruptcy should only ever be considered as a final resort to get out of debt as it can have disastrous long-term implications .
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Mon Apr 16, 2012 5:34 am |
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