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  • Hub You - Who Are the Winners in Bankruptcy?

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    ame time protect the creditors by no longer allowing them to give the potential bankrupt more credit. Over and above this the
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    The truth of the matter is really quite bizarre and can be shown to be nothing more than an excuse to give food (money) to a whole lot of bottom feeders and create a whole industry in the process!

    Over the years you may have been lead to believe that the idea of bankruptcy is to protect both the debtors (those owing the money) and the creditors (those owed money) when this happens. The basic idea of this is not to allow the debtors to run up any further debt and so become worse off; and at the same time protect the creditors by no longer allowing them to give the potential bankrupt more credit. Over and above this the

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    hole lot of bottom feeders and create a whole industry in the process!

    Over the years you may have been lead to believe that the idea of bankruptcy is to protect both the debtors (those owing the money) and the creditors (those owed money) when this happens. The basic idea of this is not to allow the debtors to run up any further debt and so become worse off; and at the same time protect the creditors by no longer allowing them to give the potential bankrupt more credit. Over and above this the

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    hat the idea of bankruptcy is to protect both the debtors (those owing the money) and the creditors (those owed money) when this happens. The basic idea of this is not to allow the debtors to run up any further debt and so become worse off; and at the same time protect the creditors by no longer allowing them to give the potential bankrupt more credit. Over and above this the
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    s happens. The basic idea of this is not to allow the debtors to run up any further debt and so become worse off; and at the same time protect the creditors by no longer allowing them to give the potential bankrupt more credit. Over and above this the
    Negative Networking and Bridge Burning
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    ame time protect the creditors by no longer allowing them to give the potential bankrupt more credit. Over and above this the debtor’s assets are confiscated, liquidated and turned into cash to repay the creditors.

    A very noble plan - that seldom really works out in that way. In fact in most of the cases examined in gaining background material for this article, nothing like that happened.

    In fact most of those people who filed for bankruptcy, or were forced into it, suffered several years of shame, loss of confidence, lack of credit and in most cases did not feel that the bankruptcy helped them in anyway at all.<

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