Bakruptcy
Bankruptcy is a federal procedure, which helps individuals and companies to repay their debts under the protection of the Court of bankruptcy or wipe you very much. If you bankrupt, a stay automatic entry into force prohibits creditors that your recovery measures debts without the consent of the Tribunal. There are two main types of bankruptcy: the liquidation or reorganization. In a bankruptcy, liquidation, turn off your personal property, even with a few exceptions on the court, which sells the product and pay your debts or a portion of your debt.