Assertion: bankruptcy | /r/HasProperty | legal process
Facets:
value: in its simplest terms
type: MANNER
Source sentences:
text: Bankruptcy is a legal process, an option for an individual, family, or corporation who finds themselves unable to pay off their debts.
text: Bankruptcy is a legal procedure initiated by an individual or a business that cannot pay their debts and seeks to have the debts discharged or reorganized by the courts.
text: Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
text: Bankruptcy is a legal process overseen by federal bankruptcy courts.
text: Bankruptcy is a legal process designed to help individuals and companies get a financial fresh start by discarding or making arrangements to repay unmanageable debt.
text: Bankruptcy is a legal process, and features a “stay of proceedings” that prevents a garnishment or any legal action from happening, and stops your creditors from calling.
text: Bankruptcy is a legal process meant to give people a fresh start by relieving burdensome debts.
text: Bankruptcy is a legal process performed by Industry Canada under the Bankruptcy and Insolvency Act, by which you may be discharged from most of your debts.
text: Bankruptcy is a legal process governed by the Bankruptcy and Insolvency Act, which is a federal law.
text: In its simplest terms, bankruptcy is a legal process that allows an individual or company to settle debts to creditors.
text: Bankruptcy is a legal process by which consumers and business can eliminate or repay some or all of their debts.
text: Bankruptcy is a legal process that you can use to get your debts discharged or get on a more manageable repayment plan.
text: Bankruptcy is a legal process governed by federal law found in the U.S. Bankruptcy Code and Rules and is conducted by the Federal Bankruptcy Court.
text: Bankruptcy is a legal process through which debtors may obtain full or partial relief from their debts.
text: Bankruptcy is a legal process which happens when a person or an organisation does not have enough money to pay all of its debts.
text: Bankruptcy is a legal process to help debtors (people who owe money) get relief from the debts they cannot pay and, at the same time, help creditors (people who are owed money) get paid from whatever property or assets the debtor has that he or she does not need to live.
text: Bankruptcy in Canada is a legal process to deal with your debts, administered by a trustee in bankruptcy.
text: Bankruptcy is a legal process by which debtors may restructure or obtain relief from overwhelming debts and get a fresh start on building a positive economic future.
text: Bankruptcy is a legal process which allows a person (a "Debtor"), who owes more money than he or she can currently repay, to either (1) repay a portion of the money over time under Chapter 11, 12, or 13, or (2) have the entire debt forgiven ("discharged") under chapter 7.
text: Bankruptcy is a legal procedure that allows you to discharge or restructure your debts.
text: Bankruptcy is a legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of Title 11 of the United States Code (the Bankruptcy Code).
text: Bankruptcy is a legal procedure that takes place in federal court.
text: Insolvency refers to a financial state, while bankruptcy is a legal procedure.