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Old 13th November 2009, 10:29 PM   #1
Taddeo Irfan
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Default Bankruptcy Protection

Bankruptcy protection also usually refers to a type of bankruptcy where the company is protected from creditors for a period of time.

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Old 29th December 2009, 08:04 PM   #2

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Bankruptcy makes four types of relief available to bankrupt individuals or corporations: liquidation, reorganization, debt adjustment for a family farmer, and debt adjustment for an individual with a regular income.

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Old 30th December 2009, 09:18 AM   #3
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Aviod at all costs. If you are really serious about improving your financial position, find ways to work this out yourself. You got into this mess - get yourself out. Start by contacting your creditors and simply being honest with them.

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Old 31st December 2009, 05:17 AM   #4

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It is important to evaluate the costs of bankruptcy against the benefits very carefully. The stigma of bankruptcy will follow you for a long time and you'll have vital issues obtaining financing over this term.

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