Bankruptcy has become a common thing in US, especially San Jose, and it is something which takes a lot of physical and mental strength to deal with. Bankruptcy process is one that involves a number of legal formalities and if you are someone who doesn’t have much knowledge about it, then you can fall for things you did not want to.
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Bad health and constantly rising medical bills has always been a reason for people to go bankrupt, but naming one ailment which causes people to file the most bankruptcies was not heard before. However, recently a research has shown that the number of cancer patients filing for bankruptcy has increased in double folds.
We all know what bankruptcy is, and a number of companies and firms deal in debt settlement plan to avoid using the bankruptcy chapters. Though people, in fear of getting into bankruptcy procedure, use the settlement plans, they do not know what exactly they are.