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14 February, 15:54

People might file for bankruptcy for all the following reasons except

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  1. 14 February, 16:47
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    declaring bankruptcy can also be expensive and time-consuming, and have a huge impact on your credit store. This, in turn, can have far-ranging effects on other aspects of your life, such as buying a new car or home, or even applying for jobs. Also, waiting to declare bankruptcy until you are completely broke can actually work against you.
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