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While bankruptcy alone is just not an automatic disqualifier for security clearance, it can elevate crimson flags through the vetting procedure. Economical instability, for instance extreme personal debt and lousy credit score history, is often a concern for people in search of or sustaini

Human being standing. Only men and women and sole proprietors qualify for the Chapter 13 debt discharge—it is not available to little businesses and corporations. Even so, tiny business owners who file individually will contain personally assured organization debts while in the syste

Chapter eleven bankruptcy is just not only for firms. There are plenty of individuals with sufficient individual assets to demand a prepare that could take care of their exceptional worries. The information on this Web site isn't intended to develop, and receipt or viewing of this i

Except if the bankruptcy court authorizes usually, a creditor might not seek to gather a “customer personal debt” from any individual that's liable along with the debtor. Shopper debts are Those people incurred by someone mostly for a private, loved ones, or domestic functi