Definition:
Bankruptcy is a federal law that allows individuals or businesses with financial difficulties to either work out a plan to repay the money over time or completely eliminate most of the bills. A number of different types of bankruptcy exist.
Related Terms:
Accounting
Budgeting
Financial Management
Related Information:
Bankruptcy
IRS Bankruptcy Tax Guide
Financial Management
Human Resources
Leadership
Related Books:
Bankruptcy: Is It the Right Solution to Your Debt Problems?
Debt Free!
More Books about Financially Managing a Small Business
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