Debt Relief: Bankruptcy: Difference between revisions

Debt Relief: Bankruptcy (view source)

41 bytes added , 20 years ago

no edit summary

87

edits

Revision as of 18:54, 16 November 2004 (view source) Jfigueroa (talk \| contribs) No edit summary ← Older edit		Revision as of 19:29, 16 November 2004 (view source) Amysolen (talk \| contribs) No edit summary Newer edit →
Line 1:		Line 1:
			[[Debt Relief \| Debt Relief Home Page]]

	'''Bankruptcy''' occurs when the federal system of statues and courts authorize insolvent individuals or businesses the ability to place their financial affairs under the bankruptcy court's control. When the debtor exceeds his or her ability to pay, the debtor may file a petition with the bankruptcy court for voluntary bankruptcy.		'''Bankruptcy''' occurs when the federal system of statues and courts authorize insolvent individuals or businesses the ability to place their financial affairs under the bankruptcy court's control. When the debtor exceeds his or her ability to pay, the debtor may file a petition with the bankruptcy court for voluntary bankruptcy.