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Austin Bankruptcy lawyers

foreclosure - chapter 7 bankruptcy - chapter 13 - chapter 11 - bankruptcy


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Bankruptcy: a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the bankrupt individual or organization).

San Antonio  Bankruptcy attorneys