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About 23,000 companies went out of business in 2017. Reuters/Nick Zieminkski

How corporate bankruptcy works

A bankruptcy filing always means there's not enough money to go around, but the process ensures both debtors and creditors are protected.
Retailers offer ‘rewards’ programs and loyalty cards that can trap customers into a debt cycle. Deborah James

Obligations, repayments and regulations: the debt conundrum in the global South

In the global South, where some argue that "everyone is now middle class", people are reluctant to acknowledge that they need to borrow money – and the stigma drives them to dodge their debts.

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