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Topic: Business
Number of pages / Number of words: 1 / 196
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Bankruptcy happens when you have a lot of debt and you have no chance to ever pay it off. In Australia, bankruptcy is governed by the Bankruptcy Act (Cth) 1966. It is designed to give insolvent people a fresh start, while being as fair as possible to the creditors. A third party is usually assigned to oversee the bankruptcy proceeding...


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Bankruptcy happens when you have a lot of debt and you have no chance to ever pay it off. In Australia, bankruptcy is governed by the Bankruptcy Act (Cth) 1966. It is designed to give insolvent people a fresh start, while being as fair as possible to the creditors. A third party is usually assigned to oversee the bankruptcy proceeding...


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