Question

 Can states declare bankruptcy?

Answer States cannot file bankruptcy under any chapter of bankruptcy law. Chapter 9 only allows towns and cities to file, according to Slate Magazine. When a state cannot pay its bills, it goes into "rece... Read More »
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Top Q&A For: Can states declare bankruptcy

Can an llc declare bankruptcy?

An LLC, or limited liability company, can file for bankruptcy. LLCs are popular because they offer limited personal liability to the owners of the company. Owners, however, need to be sure they hav... Read More »
http://www.answerbag.com/q_view/2028173

Can anyone declare bankruptcy?

In general, the only main requirement for filing bankruptcy in the United States is that you must be a United States citizen. Exceptions are made if you own real property on United States soil, or ... Read More »
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What does it mean to declare bankruptcy?

Declaring bankruptcy involves clearing a person's debts in order to give him a fresh start. In Chapter 7 bankruptcy, a person forfeits all non-exempt property and debts are discharged. In Chapter 1... Read More »
http://www.answerbag.com/q_view/2109961

How to Know If You Need to Declare Bankruptcy?

For someone with large amounts of debt, the decision of whether to file bankruptcy is an extremely important one, and one that should be well thought out and researched. Bankruptcy is a legal proce... Read More »
http://www.ehow.com/how_6811428_need-declare-bankruptcy.html


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