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THE Securitization AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 ___ARRANGEMENT OF SECTIONS ___ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent and commencement.

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Gather all financial documents including income, debts, assets, and expenses.

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Individuals or businesses struggling with overwhelming debt and unable to repay their creditors may need to consider insolvency and bankruptcy as a legal option to obtain debt relief and financial fresh start.

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