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The Pros and Cons of Personal Bankruptcy

The Pros and Cons of Personal Bankruptcy

Many people today have found themselves voluntarily filing a bankruptcy petition. Others, however, have been taken to court by their creditors due to their inability to pay their debts. It goes with the hard economic situation being faced all over the world. The bankruptcy law has evolved over the years, and it no longer favors those filing petitions. The new law has made tremendous changes that affect those mainly requesting under chapters 7 and 13. Afterward, you will be required…

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