Can a bankrupt person enter into a contract?

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1261004

2026-03-10 08:15

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Yes, a bankrupt person can enter into a contract, but there are limitations. Certain contracts may be voidable, and the bankruptcy may impact their ability to fulfill obligations. Additionally, contracts entered into during bankruptcy may require court approval, and creditors may have rights that affect the terms of the contract. Overall, while they can contract, the implications of their bankruptcy status must be considered.

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