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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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All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products 'Terms & Conditions on the issuing banks' websites.