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Personal bankruptcy information


Personal bankruptcy law allows, in certain jurisdictions, an individual to be declared bankrupt. Virtually every country with a modern legal system features some form of debt relief for individuals. Personal bankruptcy is distinguished from corporate bankruptcy.

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Personal bankruptcy

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Personal bankruptcy law allows, in certain jurisdictions, an individual to be declared bankrupt. Virtually every country with a modern legal system features...

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Bankruptcy

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Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts...

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Bankruptcy in the United States

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In the United States, bankruptcy is largely governed by federal law, commonly referred to as the "Bankruptcy Code" ("Code"). The United States Constitution...

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Paul Kemsley

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the Cosmos. In March 2012, Kemsley filed for bankruptcy listing expenses of $34k per month and personal debts ranging from $10M–$50M with debts to creditors...

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Burt Reynolds

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investments in restaurant chains. Reynolds emerged from bankruptcy two years later. During his bankruptcy proceedings, Reynolds listed $6.65 million in assets...

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Personal finances of professional American athletes

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to the often high salaries of such athletes and the high rates of personal bankruptcy and other financial distress. According to a 2009 Sports Illustrated...

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Alex Jones

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threatened and harassed for years. On December 2, 2022, Jones filed for personal bankruptcy. Jones was born on February 11, 1974, in Dallas, Texas, and was raised...

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Bankruptcy in China

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The Enterprise Bankruptcy Law of the PRC was adopted on August 27, 2006, and became effective since June 1, 2007. Personal bankruptcy laws only exist...

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Bankruptcy costs of debt

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results from these bankruptcy costs with the marginal benefit of debt that results from tax benefits. In the personal bankruptcy there is a cost associated...

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Nadya Suleman

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for the UK magazine Closer. On April 30, 2012, Suleman filed for personal bankruptcy. Suleman said she had $50,000 in assets and up to $1 million in debts...

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History of debt relief

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of debts owed by borrowers in distress, which influenced modern personal bankruptcy law. Debt relief existed in many societies of the Ancient Near East...

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Yellowstone Club

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and Mr. LeMond and others joined the group of her creditors in her personal bankruptcy. Other members identified in, or cited in, the Times report were...

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Purdue Pharma

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crisis. The Sacklers were seeking bankruptcy-like protection from the court without actually filing for personal bankruptcy. A number of state attorneys general...

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Bankruptcy tourism

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Bankruptcy tourism is the phenomenon whereby residents of one country move to another jurisdiction in order to declare a personal bankruptcy there, before...

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Recovery of funds from the Madoff investment scandal

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18, 2008, ruling and ordered that investors can force Madoff into personal bankruptcy proceedings, against the wishes of federal prosecutors and the Securities...

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Small business

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owner may file for bankruptcy. In most cases, this can be handled through a personal bankruptcy filing. Corporations can file bankruptcy, but if it is out...

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Faraday Future

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Yueting filed for personal bankruptcy in United States federal court in Delaware on October 14, 2019. Following Jia's personal bankruptcy, he stepped down...

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Accountant in Bankruptcy

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Scottish government agency responsible for administering the process of personal bankruptcy and corporate insolvency, administering the Debt Arrangement Scheme...

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Preferential creditor

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English law the concept was first introduced for personal bankruptcy in 1825 pursuant to the Bankruptcy Act 1825 (6 Geo. 4. c. 16), and for companies in...

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Elizabeth Helgelien

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truck company was insufficient, the couple was forced to file for personal bankruptcy and thereafter moved to Nevada. She attended Corban University but...

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Tom Carvel

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petition was denied, and she later became a fugitive from justice in a personal bankruptcy case. She had been vying for control of his $67-million estate. Carvel...

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Bankruptcy alternatives

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Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. In most cases personal bankruptcy...

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