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Business, 13.03.2020 22:48 Nathaliasmiles

Kyle has a credit card with a contract stipulating that he will make monthly minimum payments. Over the course of a year, he incurs $21,200 a debt that he cannot pay. Because of this and other debts, Kyle files for bankruptcy. In the bankruptcy, Kyle's assets are distributed to his creditors, and the credit-card company gets $2,000. The bankruptcy process:

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Kyle has a credit card with a contract stipulating that he will make monthly minimum payments. Over...
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