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Introduction:Bankruptcy serves as a legal avenue for individuals and businesses to find relief from overwhelming debts. This essay explores the journey of navigating the bankruptcy process, starting from the initial decision-making phase to the eventual discharge of debts.I. Decision-Making and Pre-Filing Considerations:Financial Assessment:a. Individuals and businesses conduct a thorough evaluation of their financial situation, taking stock of debts, assets, income, and expenses.b. This assessment helps determine whether bankruptcy ... more