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Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
A credit crunch (also known as a credit squeeze, credit tightening or credit crisis) is a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.
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In 2016, Credomatic de México S.A. de C.V., a subsidiary of BAC International Inc., signed a contract to transfer to Banco Invex S.A. its Mexican credit cards business [4] In 2017 the group started to use BAC Credomatic as brand for all their bank and credit card services, using a new modern logo. [citation needed]
Experts say evidence in the Azerbaijan Airlines plane crash in Kazakhstan points to a possible midair explosion, not an encounter with a flock of birds.
The cause of the crash of Azerbaijan Airlines flight J2-8243 near the city of Aktau, Kazakhstan, is still unknown. The Kremlin has so far been tight-lipped, prompting questions over its messaging.
After 13 years of civil war, Syria's opposition militias sensed an opportunity to loosen President Bashar al-Assad's grip on power when, about six months ago, they communicated to Turkey plans for ...