Business Law - Liquidation
Upon the dissolution of a company, it is considered to be in the liquidation stage. While the liquidation procedures are being implemented the company will retain its legal capacity for the implementation of its liquidation.
The Truth About Bankruptcy: Keeping Your Cool
No one goes into a bankruptcy lightly. Most people, in fact, will fail to see the "relief" bankruptcy can offer until after it is finished. The truth about bankruptcy, though, is that it does represent a way out for people who find themselves...
The Basics of a Bankruptcy
During the previous four years or so, everyone thought they had discovered the secret to wealth and thought they were masters of investments. Real estate sales agents, contractors, lenders, loan originators, and Wall Street all thought the party...
When to Look For Bankruptcy Alternatives
Though bankruptcy may give relief to debtors from the acts of creditors, eliminate some consumer debts or lead to the creation of a repayment plan for those debts that will have to be settled, eventually leading to a discharge, on occasion there...
How Can Bankruptcy Help?
Different chapters are suitable for different needs, but bankruptcy, simply, gives relief for debtors from the automatic stay on creditors' actions following the filing. The automatic stay ensures that all forms of harassment that debtors can be...
Saving Your Home While Filing Bankruptcy
The American dream, as we all know, is owning our own home. This is a very important investment, one where we see our children grow up and where we enjoy so many family moments. The dream is built. Is is not merely an investment.
What is Bankruptcy?
Bankruptcy or insolvency is a legal status of a person or an organization that cannot repay the debts it owes to its creditors. Creditors may file a bankruptcy petition against a business or corporate debtor ("involuntary bankruptcy").
Avoid Bankruptcy With Careful Financial Management
In today's economy, bankruptcy has become a major problem in the United States. Even though bankruptcy is a way for people o get out of financial hardship, bankruptcy is really not a good way to do that when there are other possible solutions...
How To Make Bankruptcy Law Fascinating
The very second a bankruptcy petition is file-stamped by the court, a "magical" thing occurs. A type of umbrella comes down and completely covers the personal property of the debtor. No mortgage company, no bill collector, no creditor of any type...