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Benedict Rohan's Articles in Bankruptcy

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  • Bankruptcy: A Concise Guide
    Definition of bankruptcy:

    Bankruptcy is one method of getting out of debt. It is a court order that transfers responsibility for dealing with creditors to the Official Receiver, who also takes control of the debtor’s money and assets and distributes them fairly to all their creditors. Once all debts have been paid or written off or an agreement reached, the individual is able to make a fresh financial start.

    A bankruptcy order is granted by the court when it receives a ...
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