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Hi, can you answer this question in more detail? Subject: Hong Kong Personal Financial Planning Practice Q2 . C When people are heavily in debt,

Hi, can you answer this question in more detail?

Subject: Hong Kong Personal Financial Planning Practice

Q2. C

When people are heavily in debt, they could consider filing for Bankruptcy or Individual voluntary arrangement (IVA). Elaborate the impacts of these two arrangements on the debtors daily lives.

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