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August 30, 2014
Chapter 9 bankruptcy was put in place in order to provide protection from creditors for municipalities that have financial problems.  Municipalities that are readjusting their debts need protection from creditors, just like the average person does.  Chapter 9 bankruptcy provides the refinancing of debt, the reduction of interest or principal, and the extension of debt...
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If you’ve been doing research on bankruptcy, you are probably pretty familiar with Chapter 7 and Chapter 13 bankruptcy.  However, these are not the only bankruptcy options.  There are some other kinds of bankruptcy that you should consider before deciding which is best for you.  Chapter 20 bankruptcy and Chapter 9 bankruptcy are both good...
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