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Legal News

: International and UK Law

Credit crunch: is bankruptcy a way out?

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Amid talk of a “credit crunch” or “credit squeeze”, ponder this: in 2007, the number of people who petitioned in court to become bankrupt was twice that of 2003. And it was not the creditors who were calling the shots — more than three-quarters of the applications for bankruptcy were by the debtors themselves.

Full post as published by International and UK Law on January 01, 1970 (boomark / email).

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