Quote:
Originally posted by oldsam
Anyone care to answer what the legal standard for a consumer to declare themselves bankrupt is?
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Black's Law Dictionary:
"Bankrupt, n. 1. A person who cannot meet current financial obligations; an insolvent person. 2. DEBTOR (2).
insolvent, adj. (Of a debtor) having liabilities that exceed the value of assets; having stopped paying debts in the ordinary course of business or being unable to pay them as they fall due. - insovent, n."
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Elvis has left the building.
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