Bankruptcy


 

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organization.

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~ Table of Content ~

Introduction
Purpose
History
Bankruptcy fraud
Bankruptcy in Canada
Bankruptcy in the United Kingdom
Bankruptcy in the United States
See also
External links

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