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1. en.wikipedia.org › wiki › BankruptcyBankruptcy - Wikipedia

   en.wikipedia.org › wiki › Bankruptcy

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   Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

2. www.debt.org › bankruptcyBankruptcy: How It Works and Consequences - Debt.org

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   Bankruptcy is a legal process to release people or businesses from liability for their debts. Learn about the different types of bankruptcy, how they work, what they mean for your credit and other options to deal with debt.

3. www.investopedia.com › terms › bBankruptcy Explained: Types and How It Works - Investopedia

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   28 paź 2024 · Bankruptcy is a legal proceeding that frees individuals or businesses from their debts. Learn about the different types of bankruptcy, how they work, and what are the consequences for your credit and assets.

4. www.forbes.com › advisor › debt-reliefWhat Is Bankruptcy? – Forbes Advisor

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   7 lut 2022 · Bankruptcy is a legal process that lets individuals or businesses eliminate or repay debts. Learn about the types, history, consequences and alternatives of bankruptcy.

5. www.nerdwallet.com › article › financeWhat Is Bankruptcy? Definition, Types and More - NerdWallet

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   21 lis 2023 · Bankruptcy is a legal process to help consumers and businesses resolve overwhelming debt. Learn about the two most common types of consumer bankruptcy (Chapter 7 and Chapter 13), how they affect your credit and when to seek professional help.

6. dictionary.cambridge.org › dictionary › englishBANKRUPTCY | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   a situation in which a business or a person becomes bankrupt: The company was forced into bankruptcy. The toll of bankruptcies was rising daily. [ U ] the fact of good qualities being completely absent: moral bankruptcy. SMART Vocabulary: related words and phrases. Success & failure in business. administration. axe. bankrupt.

7. www.britannica.com › money › bankruptcyBankruptcy | Definition, History, Examples, & Facts | Britannica...

   www.britannica.com › money › bankruptcy

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   31 paź 2024 · bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts.