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Bankruptcy

Beginning of paper
, today, is a very common thing among companies and individuals alike. Sadly enough there were as many cases filed in federal courts, as there were all other cases. The American law allows people to avoid paying their debts, by offering the debtors a discharge, which eliminates all their legal responsibilities. However, is a controv ....

Middle of paper
.... In this case, the creditor loses hope of being paid back the money the debtor owes him. Therefore the debtor is free from his obligation to pay the creditor. According to some poskim, yeush does not discharge the debtor, unless the circumstances, such as where the debtors fields are ruined by a flood, the debtor is in, makes the creditor lose hope of ever being paid back According to others, yeush can discharge the debt if the debtor become ....

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Number of words: 1447
Number of pages: 6 (approx. 250 words per double-spaced page)

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