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Personal bankruptcy is a legal procedure initiated by a private or a service that can not pay their financial obligations and looks for to have the financial obligations released or reorganized by the courts. The three most common types of bankruptcy proceedings are Chapter 7 private petitions, Chapter 11 service reorganization and rehab petitions,

Bankruptcy is a legal procedure started by a specific or a service that can not pay their debts and looks for to have the financial obligations discharged or restructured by the courts. The 3 most common kinds of personal bankruptcy proceedings are Chapter 7 individual petitions, Chapter 11 service reorganization and rehabilitation petitions, and C