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Can an individual in Jing 'an, Jiangxi go bankrupt?
Jiangxi Jing 'an can go bankrupt personally. According to the Personal Bankruptcy Ordinance, personal bankruptcy is not limited to enterprises and institutions, and individuals can also apply to the court for personal bankruptcy, so Jiangxi Jing 'an can go bankrupt. Personal bankruptcy refers to a legal procedure that can be liquidated or reorganized according to the creditor's application after the people's court has ruled that personal property can't pay off debts.
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