Personal bankruptcy
Personal bankruptcy law allows, in certain jurisdictions, an individual to declare bankruptcy. Virtually every country with a modern legal system features some form of debt relief for individuals. Personal bankruptcy is distinguished from corporate bankruptcy.
By country
The DICE report 2006 of Munich's ifo Economic Research compared international personal bankruptcy in selected OECD-countries.
United States
In the United States, the same chapters of the Bankruptcy Code are applied in both personal and corporate bankruptcies. Most individuals who enter bankruptcy do so under Chapter 13 (a "reorganization" plan) or Chapter 7 (a "liquidation" of debtor's assets). More rarely, personal bankruptcy proceedings are carried out under Chapter 11. The ultimate goal of personal bankruptcy, from the viewpoint of the debtor, is receiving a discharge.
Canada
The concept behind bankruptcy in Canada is that an individual assigns (surrender) everything they own to a trustee in bankruptcy in exchange for the elimination of their unsecured debts.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Personal_bankruptcy
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Latest News for: personal bankruptcy
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Georgia Attorney General: In wake of 23andMe bankruptcy, delete your data. Here's how
The Augusta Chronicle 26 Mar 2025
After DNA testing firm 23andMe filed for bankruptcy this week, experts say users need to take action to protect their data. News of another major company's bankruptcy broke, but this one may require Georgians to be proactive.
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Delete personal 23andMe data, privacy experts urge users
AOL 26 Mar 2025
Customers of DNA firm 23andMe should move quickly to ensure their personal data is deleted following the firm’s filing for bankruptcy in the US, cybersecurity experts have said.
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Wojcicki, co-founder and CEO of 23andMe, resigns, and the company files for Chapter 11 bankruptcy.
Independent Newsgroup 26 Mar 2025
NEW YORK — 23andMe has filed for Chapter 11 bankruptcy protection, and its co-founder and CEO has resigned, as the struggling genetic testing company seeks to reduce costs ... 23andMe’s bankruptcy follows months of turmoil.
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Here’s how to delete your data from a 23andMe account
SiliconValley.com 26 Mar 2025
23andMe bankruptcy announcement sparks data security concerns ... The privacy policy states that if users’ data is sold as part of a bankruptcy or acquisition, the same provisions will apply to that personal information under the new entity.
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Why are users of 23andMe being urged to delete their data?
Al Jazeera 26 Mar 2025
Users of 23andMe, a direct-to-consumer genetic testing site, are being urged to delete their personal data from the website following the company’s bankruptcy filing in the United States on March 23.
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23andMe is looking to sell customers\u2019 genetic data. Here\u2019s how to delete it
Journal Gazette 26 Mar 2025
Genetic testing firm 23andMe files for bankruptcy ... The privacy policy states that if users’ data is sold as part of a bankruptcy or acquisition, the same provisions will apply to that personal information under the new entity.
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Maine AG says delete DNA data from 23andMe
Journal Tribune 26 Mar 2025
Maine Attorney General Aaron Frey says deleting personal and genetic information is the best move while the company is in bankruptcy ....
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The Daily Money: Social Security cracks down on overpayments
Usatoday 26 Mar 2025
No, not the change that may require you to go to a Social Security Administration office in person to enroll in benefits ... Daniel de Visé covers personal finance for USA Today.
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Social Security chief nominee says during hearing that ‘the objective isn’t to touch benefits
Penn Live 26 Mar 2025
Frank Bisignano, a self-professed “DOGE person,” was called to account for recent upheaval at the Social Security Administration, which provides benefits to roughly 72.5 million people, including retirees and children.
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An O.C. couple with no criminal record gets caught up in Trump’s deportation push
The Los Angeles Times 26 Mar 2025
Good morning ... An O.C ... “No one’s off the table ... Barabak ask, is it worth listening? 23andMe files for bankruptcy, putting its hoard of personal health information at risk, columnist Michael Hiltzik writes.From the Allen house to the Waldorf school ... .
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Ancestry site 23andMe has filed for bankruptcy. Is your personal data at risk?
Wtop 25 Mar 2025
“If we are involved in a bankruptcy merger, acquisition reorganization or sale of assets, your personal information may be accessed, sold or transferred as part of that transaction,” the privacy statement of the company states.
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23andMe's bankruptcy prompts Delaware AG to issue alert
Delaware Online 25 Mar 2025
... the possibility of the genetic testing company selling its database to the highest bidder through bankruptcy proceedings, describing genetic profiles as the most intimate form of personal information.
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The Rise and Fall of 23andMe: A Tale of DNA Testing and Bankruptcy
The Call 25 Mar 2025
Known for its ancestry DNA kits and personalized genetic insights, the company filed for Chapter 11 bankruptcy on March 23, 2025, marking a dramatic turn in its business journey ... Chapter 11 Bankruptcy.
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As 23andMe files for bankruptcy, what to know about protecting your data
Courier Journal 25 Mar 2025
23andMe files Chapter 11 bankruptcy ... “Any buyer of 23andMe will be required to comply with applicable law with respect to the treatment of customer data.”Hackers and bankruptcy leave personal info vulnerable.
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23andMe bankruptcy announcement sparks data security concerns
SiliconValley.com 25 Mar 2025
privacy statement, if 23andMe is involved in a “bankruptcy, merger, acquisition, reorganization, or sale of assets, your Personal Information may be accessed, sold or transferred as part of that ...
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