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Bankruptcy: Good, Bad and the Ugly
Posted by Stock Online Trader on March 28, 2007 in Finance Sector, Investment
When a person or a firm is unable to pay their ever-increasing debts, they can file for bankruptcy. Let us say Mr X filed for bankruptcy. This means Mr X’s existing assets will be liquidated and he will be relieved of any liability. The reason why most people file bankruptcy is that their debts have [...]