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| Reason behind it . http://www.briercliffesociety.co.uk/talkback/viewtopic.php?f=33&t=3176 |
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| Author: | janewhite [ Sat Nov 21, 2009 8:19 am ] |
| Post subject: | Reason behind it . |
Its simply the frozen state of where people doesn't get chance to have any materialistic support. Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization. |
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