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Chapter 7 Bankruptcy – Fact sheet. Bankruptcy is a court case by which someone who cannot spend his / her bills could possibly get a start” that is“fresh.

Chapter 7 Bankruptcy – Fact sheet. Bankruptcy is a court case by which someone who cannot spend his / her bills could possibly get a start” that is“fresh.

What exactly is bankruptcy?

Bankruptcy is a court case by which somebody who cannot spend their bills could possibly get a start” that is“fresh. Filing bankruptcy instantly prevents (called stay that is“automatic) all of your creditors from trying to gather debts away from you until your financial situation are sorted away.
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