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When Debts Become Unpayable: What Changes when You Go Into a Personal Bankruptcy
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When the debts accumulate to exceed the capacity to pay, the problem ceases to be simply financial and goes on to have patrimonial and legal consequences.Credit cards, personal loans, refinancings and other commitments can absorb an increasing part of the income until generating a situation in which the debtor no longer regularly manages to comply with its maturities.For those cases, Law 24.522 on Competitions and Bankruptcy contemplates the pos…
·Buenos Aires, Argentina
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