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Smith maintained that, with rent and profit, other costs besides wages also enter the price of a commodity.[60] Other classical economists presented variations on bath tub chairs for handicapped Smith, termed the 'labour theory of value'. Bankruptcy in Scotland is referred to as Sequestration.
A Trustee in bankruptcy must be either an Official Receiver (a civil servant) or a licensed insolvency practitioner.
Following the introduction of the Enterprise Act 2002, a UK bankruptcy will now normally last no longer than 12 months and may be less, if the Official Receiver files in Court a certificate that his investigations are complete.
It is expected that the UK Government's liberalisation of the UK bankruptcy regime will increase the number of bankruptcy cases; initial Government statistics appear to bear this out. A number of proposals have been advanced to limit the effect of underwriting on consumers and improve access to coverage
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Iowa, Lawton
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Kansas, Dresden
Ohio, St. Louisville
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