involuntary bankruptcy

Can An Individual Be Forced Into Involuntary Bankruptcy?

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Can An Individual Be Forced Into Involuntary Bankruptcy? Involuntary bankruptcy is a relatively rare proceeding but the law does provide for it. An involuntary bankruptcy is usually not filed against individuals, and your creditors cannot force you to file a Chapter 7 or Chapter 11 unless you meet certain tests. How do I force someone

What Is The Meaning Of Personal Bankruptcy?

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What Is The Meaning Of Personal Bankruptcy? Personal bankruptcy refers to a bankruptcy that is filed by an individual where majority of debts are non-business. … In case of chapter 13 the individual develops a plan of payment that allows the person to pay his/her creditors and to resolve the debts through division assets among