Creditors Take Aim at Bankruptcy
Don't let your deadbeat accounts get the best of you
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• You can have control over the debtor’s property. Bankruptcy gives you, the creditor, indirect control over the debtor’s assets and money. Outside of bankruptcy, the debtor unilaterally can sell off its assets and pick and choose which creditors it wishes to pay while leaving others unpaid. In bankruptcy, the bankruptcy court and trustee have control over the debtor’s property to make sure creditors are repaid.
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