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bankruptcy
A lot of people think bankruptcy means all of your debts are immediately forgiven and you start over with a clean slate. That isn’t often the case. Not only are your assets often liquidated, some debts also aren’t even dischargeable in bankruptcy.
Yesterday, Dick Smith’s receivers announced that all 363 stores across Australia and New Zealand will be closing down over the next eight weeks. It was a sad and ignoble end to one of Australia’s most beloved tech retailers…Except it wasn’t actually that beloved at all. As this graph from Roy…
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