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On top the heavy competition in the business world, the current economic conditions are also not favorable for the businesses. This is the reason why many entrepreneurs are forced to take the decision of filing for bankruptcy. If you are on the verge of filing for bankruptcy, you will have to keep certain tips in mind so that you can make the whole process easy. One among the major facts to understand is that you will not be able to exclude the personal debts from bankruptcy proceedings. You have to understand that you cannot obtain protection only for business debts.
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