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Archive for November 27th, 2006

Alarm at quickie bankruptcy plan

THE ultimate in no-fuss bankruptcies has been put before Parliament for approval. To qualify, you need only persuade a public official that there is no way you can ever pay what you owe. One year later, your insolvency would be discharged and your debts written off. No courts would be involved.
Banks are alarmed by the [...]

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