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Brian declares bankruptcy. What benefits can he obtain by declaring bankruptcy?

Brian declares bankruptcy, which triggers a(n) _________. This blocks _________.

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Answer :

GinnyAnswer

Final answer:

Bankruptcy is a legal process that offers individuals relief from debts under certain conditions.


Explanation:

Bankruptcy is a federally authorized procedure that allows individuals to be relieved from their debts. Chapter 7 and Chapter 13 are common forms in the US. Bankruptcy does not mean walking away without repercussion.


Learn more about Bankruptcy here:

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