Utah bankruptcy laws exist to provide individuals and businesses with a legal process to get relief from overwhelming debt and to promote fairness, encourage credit, and provide stability to the economy.
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Why bankruptcy law
You may ask yourself about the purpose of bankruptcy law and why there is such thing as a bankruptcy process. Could it give people an incentive to not pay their debts back or to accumulate large amounts of debt only to have it discharged by a bankruptcy? I guess some people think this way but… Continue reading Why bankruptcy law