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Essay

Bankruptcy

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Luis E

 

Date added:

October 9, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1275

 

Was viewed:

9640 times

 

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Essay content:

According to some poskim, yeush does not discharge the debtor, unless the circumstances, such as where the debtors fields are ruined by a flood, the debtor is in, makes the creditor lose hope of ever being paid back According to others, yeush can discharge the debt if the debtor becomes impoverished only and not because he didn't want to pay back his debt...
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The first way is through liquidation. This is where the debtor hands over all his property, with keeping some exempt property, and this covers his debt to the creditors and he is now free of his obligation to pay them. The second way is through reorganization. The debtor makes a plan to repay his creditors over a number of years, with a minimum payment required for each year...
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