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Bankruptcy
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, today, is a very common thing among companies and individuals alike. Sadly enough there were as many cases filed in federal courts, as there were all other cases. The American law allows people to avoid paying their debts, by offering the debtors a discharge, which eliminates all their legal responsibilities. However, is a controversial iss ....
Middle of paper ....y a flood, the debtor is in, makes the creditor lose hope of ever being paid back According to others, yeush can discharge the debt if the debtor becomes impoverished only and not because he didn’t want to pay back his debt.
If the debtor does not become discharged through the creditors yeush, there is one of two ways to obtain a discharge t.... |
Word count: 1447 |
Page count: 6 |
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