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  1. en.wikipedia.org › wiki › BankruptcyBankruptcy - Wikipedia

    Bankruptcy in the United States is a matter placed under federal jurisdiction by the United States Constitution (in Article 1, Section 8, Clause 4), which empowers Congress to enact "uniform Laws on the subject of Bankruptcies throughout the United States".

  2. This year, WMF — the nonprofit that administers Wikipedia.org — hopes to raise $25 million to keep the site “online and growing.”. Reading that, you may well assume that the world’s ...

  3. Mar 7, 2024 · bankruptcy, the status of a debtor who has been declared by judicial process to be unable to pay his debts. Although sometimes used indiscriminately to mean insolvency, the terms have distinct legal significance. Insolvency, as used in most legal systems, indicates the inability to meet debts.

  4. Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity. All bankruptcy cases are handled in federal courts under rules ...

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