There are many questions raised when a company files for corporate bankruptcy. As an investor, people would like to what happens to the company, who would look into the interests of investors, and above all, if the old securities have any value l
I've always chuckled at the reactions I receive when people ask about bankruptcy auto loans, and I suggest they be open to leasing. The looks I get are a cross between “are you kidding?” and “what did you just call me?”
Bankruptcy does offer a clean start. For those who are struggling with debts and just can no longer make ends meet, this seems like the right choice to make. But, before you head down that road, you should make sure that it is the right decision
The year 2005 was witness to one of the most significant overhauls of the personal bankruptcy in more than half a century. The new laws enacted by Congress and signed by the President will make it much more difficult for many consumers to walk aw
For most people of course, bankruptcy is very much a last resort, to be considered only after all other debt consolidation and debt reduction options have failed. Even so, the new bankruptcy laws passed in 2005 mean that filing for bankruptcy is
Bankruptcy can be the biggest burden to an individual, small business or a multi million dollar corporation. Bankruptcy is a condition where the business cannot meet its debt obligations and petitions as well. In the action, the debtor pays his pr
Chapter 7 is a 'liquidation' of nonexempt assets to pay debts. In an orderly, court-supervised procedure, a court appointed trustee liquidates the non-exempt assets of the debtor’s estate and makes distributions to creditors. In Chapter 7, th
Bankruptcy is a legally declared inability of individuals or businesses to discharge their debts. A declared state of bankruptcy can be requested not only by creditors in an effort to get what they are owed but also by the insolvent individual or
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