If someone is unable to meet his financial obligations, the court can be asked to declare him bankrupt. The court appoints a curator who inventories the debts and assets of the bankrupt person, who the creditors are, and how they can best be paid. When everything is settled, which could take years, the bankruptcy is ended. Bankruptcy files Records are created of all the actions that happen after somebody is declared bankrupt. Together, these form a bankruptcy files. These files are part of the … [Read more...]