Filing for bankruptcy success whats your story bankruptcy isnt designed for individuals or families with a small amount of debt in fact a majority of people in the united states operate perfectly well with some debt bankruptcy is specifically designed for those unique situations where people have no other options or possibilities. A former law partner of michael avenatti accused the celebrity lawyer of stashing millions of dollars in secret bank accounts to hide the money from creditors in his law firms bankruptcy case. Michael avenattis longtime law firm eagan avenatti filed for federal bankruptcy protection late thursday on the eve of the celebrity lawyers scheduled testimony in a dispute over the firms . Debt diaries real life stories of debt bankruptcy and recovery one filed for bankruptcy two continue to struggle every day with payments their stories are unique but we know theyre not the only people working to overcome debt so we asked pamela capalad . About bankruptcy filing bankruptcy can help a person by discarding debt or making a plan to repay debts a bankruptcy case normally begins when the debtor files a petition with the bankruptcy court a petition may be filed by an individual by spouses together or by a corporation or other entity all bankruptcy cases are handled in federal courts under rules outlined in the us bankruptcy code
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