rajshukla
Joined: 03 Jan 2012 Posts: 160
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Posted: Tue Jan 03, 2012 12:48 pm Post subject: hi |
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If you've filed for bankruptcy before, and have found yourself in more financial trouble, you may wonder if you can file again. Find out the rules for filing a second bankruptcy here. Before filing for bankruptcy, it is always advisable to consider all the other available alternatives that may work for you. They include talking to your creditors and having them agree to accept a lesser amount as the total debt settlement. Bankruptcy is a legal procedure in which a person who is not able to pay debt seeks relief in court. There are many chapters under which a petition can be filed. The liquidation chapter allows the debtor to have the assets on his name to be sold in order to pay off pending debts.
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