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There are numerous different types of bankruptcy and bankruptcy law, including Chapter 7 bankruptcy, Chapter 11 bankruptcy and Chapter 13 bankruptcy. Chapter 7 and Chapter 11 bankruptcy are most common for individuals, while Chapter 11 is bankruptcy intended for businesses and companies. Arming yourself with the right resources surrounding the bankruptcy process will allow you to make educated decisions regarding your debt and personal finance, because bankruptcy is a serious legal process that cannot be undone once you begin the process.
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