Bankruptcy is a miserable state, and everyone avoids getting into it. It is a situation in which the person is unable to repay his debts, so he deiced to file for bankruptcy and get some relief. To initiate the process of bankruptcy, you need to file a petition with the court, and then the court will assess all your assets and use them to pay some amount of the debts and will waive off some of the debts if possible. Bankruptcy is the legal way through which a person is…
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