Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy is not the only legal status that an insolvent person may have, and the term bankruptcy is therefore not a synonym for insolvency.
- What Is A Chapter 7 Bankruptcy?
- Chapter 11
- Chapter 12
- What Is A Chapter 13 Bankruptcy?
- Adversary Proceeding
- Creditor’s Rights
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