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Alfred J.James's Articles in Bankruptcy Show All|Display Category|Title|Newest|Oldest Filing Bankruptcy! Bankruptcy is a legal procedure designed both to protect an individual or business that can't meet its financial obligations and to protect the creditors involved. To begin the process, proper papers must be filed. What are the Bankruptcy rates? According to Scripps Howard News Service, nearly 1 in 60 housholds in the United States are bankrupt. This figure is based on the nearly 2.04 million people who filed for bankruptcy before the new bankruptcy laws took effect. Why ...

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