Finance

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DMX and Several Other Famous People Go Bankrupt

What is bankruptcy and what does the U.S. Constitution say about it? The following is a small section taken from a U.S. Government site “Article I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies.” Under this grant of authority, Congress enacted the “Bankruptcy Code” in 1978. The Bankruptcy Code, which… Read more →