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'''Bankruptcy''' is when you have no [[money]]. You may also be considered to be bankrupt if you owe more money than you have. Teh federal statute that deals with bankruptcy is [[Chapter 13]]. When you are bankrupt you have to sell your possessions and your [[home]].
'''Bankruptcy''' is when you have no [[money]]. You may also be considered to be bankrupt if you owe more money than you have. The federal statute that deals with bankruptcy is [[Chapter 13]]. When you are bankrupt you have to sell your possessions and your [[home]].
[[Category:Economics]]