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In some instances, creditors can recover what they’re owed through a process and procedure called “receivership.” This is a state court process that allows for the preservation of assets and the equitable distribution of an insolvent debtor’s assets. This often…
As a creditor, you’ll see hundreds, if not thousands, of people who owe you money file bankruptcy in their bankruptcy schedules in an attempt to get out from under their debt. This is perfectly legal, of course, but you may…