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Bankruptcy is a proceeding. This legal option is available for businessmen, who cannot pay the bills before the due date. By doing so, the businessmen not only get to start afresh financially, but also can safeguard their possessions and assets from falling into the hands of the creditors. As per the law set by the federal bureau, bankruptcy can be filed only in the federal courts, and will be handled by the respective solicitors. Once you file bankruptcy, the court will make sure that it takes care of keeping creditors off your property and possessions…. Read Article →

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