monoploy bankruptcy
austin rose
define bankruptcy
the state of being completely in a particular quality or value
what is the purpose of bankruptcy
bankruptcy to give a fresh start to honest hard working
what is the origin of the word bankruptcy
Italian traditions of destroying the work bench of a tradesmen who cant pay his debts
when was the first recorded bankruptcy
ancient Greece they would be in in debt slavery in 1542
what happens to the debt for the person filing for bankruptcy
turn over nonexempt property to the bankruptcy to trustee
what role do courts play
the court official with decision making power over federal bankruptcy cases in the united states to collect debts.
what happens to the credits report
they would stop calling the automatic stay prevents creditors from taking any action to collect debts.
advantages and disadvantages
the advantages are the same as the credit report.
disadvantage noted on credit report 7-10 days
saciety as a whole is damaged
bankruptcy should bankruptcy should benefit the economy.