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History of BankruptcyThe word Bankruptcy comes from the Latin word bancus, which means a bench or a table, and ruptus, which means broken..
Bankruptcy and FraudWhen a person files with the intent to commit fraud, he may conceal his assets in order to prevent them from being divided or may commit another act of fraudulent conveyance.
- Bankruptcy relieves debts that people have been unable to pay themselves. .
Causes of BankruptcyMost people who file for bankruptcy are usually in debt over their heads...