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Debt restructurings are typically handled by professional insolvency and restructuring practitioners, and are usually less expensive and a preferable alternative to bankruptcy. Debt restructuring is a process that allows a private or public company - or a sovereign entity - facing cash flow problems and financial distress, to reduce and ...
The bankruptcy was caused by debt related to car purchases. [289] Donna D'Errico: American actress Chapter 7 [290] 2014 [290] Assets of $414,000 [291] against debt of $947,000. [291] The debt consisted mostly of legal fees from a divorce and custody litigation against Nikki Sixx. [291] Willie Thorne: English snooker player IA 1986 [292] 2015 ...
Chapter 7 bankruptcy, or liquidation bankruptcy, is available to individuals who can’t pay off their unsecured debt, like credit card bills or personal loans.
Loans, medical debt and credit card debt are generally all able to be discharged through bankruptcy. Tax debt, alimony, spousal or child support and student loans are all typically ineligible for ...
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