What is Bankruptcy?


	What is Bankruptcy?

j123law

5-5-2009 4:44 PM

86 views

tags:

bankruptcy, chapter 13, chapter 11, chapter 7

j123law says:

Great blog site with bankruptcy information. What is Bankruptcy, Chapter 13 and more!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/12e7a37c-4222-4a84-a612-552641e31e07/8ACFC174-5E3C-494D-9CBC-B717AAF09F61/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://bankruptcyattorneys.wordpress.com/2009/04/30/what-is-bankruptcy/" href="http://bankruptcyattorneys.wordpress.com/2009/04/30/what-is-bankruptcy/" style="font-size: 11px;">bankruptcyattorneys.wordpress.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bankruptcyattorneys.wordpress.com/2009/04/30/what-is-bankruptcy/"><H2 id="post-1" class="storytitle"><A title="Permanent Link: What is Bankruptcy?" rel="bookmark" href="http://bankruptcyattorneys.wordpress.com/2009/04/30/what-is-bankruptcy/">What is Bankruptcy?</A></H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bankruptcyattorneys.wordpress.com/2009/04/30/what-is-bankruptcy/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/bankruptcyattorneys.wordpress.com/img/476F2FC2-464F-400D-90E8-6C0F2E820665" alt="chapter7bankruptcy" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bankruptcyattorneys.wordpress.com/2009/04/30/what-is-bankruptcy/"><P>Bankruptcy is the process where a person legally declares himself or his business unable to pay outstanding debts. Depending upon the type of bankruptcy filed, one meets with a judge to determine a payment schedule, or have a legal bankruptcy discharge most if not all debts. Businesses also may declare bankruptcy, which either means the business will close, or that the business will continue to operate with reduced payments to debtors. Each country has its own bankruptcy designations, but this explanation will focus on the most common types of bankruptcy in the US.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8ACFC174-5E3C-494D-9CBC-B717AAF09F61/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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