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Phase two- Consider Alternatives – Your attorney will Examine what sort of bankruptcy is appropriate. There are 2 sections on the federal bankruptcy code, Chapter seven and Chapter 13, that happen to be utilized for filing particular bankruptcy based on the particular person circumstances. A Chapter seven bankruptcy, sometimes called straight ban
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There's two varieties of bankruptcy available to firms (Chapter 7 and Chapter eleven), but whatever the sort of bankruptcy a company documents under, any typical stock inside a bankrupt business is probably going to become worthless. That's as the frequent stock (which is, “equity”) is the final in line to obtain what’s accessible to be dispe