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However, because assets do not secure these debts, bankruptcy may help eliminate them. To qualify for Chapter7bankruptcy, debtors must pass a means test that compares their income to their state’s median income. When you file for bankruptcy, you enter a legal process.
Bankruptcy might be the solution you need. Bankruptcylawyers in Denver, CO can also help you with the process. However, understanding which chapter applies to your situation is important. Business bankruptcy allows businesses struggling with debt to have a renewed financial status.
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