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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » What is expected while one files for bankruptcy?

What is expected while one files for bankruptcy?

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The reason one voluntarily files for bankruptcy is to let the law know that one has no means to may further repayments of the credit taken. The individual or the organization is expected to show on record all means of assets and possessions and property; however this does not take the value of the property or the asset into consideration.

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