Enrique is engaged in the sideline business of developing computer programs and applications to clients on a per project basis. His main job is being an Information Technology Consultant at Ether Company.

Because of poor investment management and fraud perpetrated by his trusted friend, Enrique was already drowning in debt where his liabilities is far greater than his entire assets.

What legal recourse remained available to Enrique?

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Answer yes or No, 3 min sentences and with legal basis