Tag "types-of-bankruptcy"

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Financial tips

Choosing the type of bankruptcy – Who’s choosing and why is it important for an average person to know this?

Filing for bankruptcy can be equated to another chance. It’s different for everyone and it’s important to act quickly.  Before filing you must consult a legal expert to discuss what you owe and what’s best.  Chapter 7 is regarded as straight bankruptcy and

Financial tips

3 types of bankruptcies & how to recover from them

Liquidation of the business   Bankruptcy may be the best choice when the business has no future. It’s usually referred to as liquidation. It’s usually used when the debts of the business are so

Financial tips

What are the Most Common Types of Bankruptcy?

Bankruptcy is a process approved by the High Court that helps organisations or individuals to get out of debt. It essentially provides two basic forms of relief: Liquidation Reorganisation As