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Bankruptcy Liquidation

  • Liquidation and Bankruptcy Tips
    If you have found yourself in financial trouble and are considering bankruptcy there are a few important things to remember that will help you to get through it. Donít panic and stay cool, because the same thing is going on up and down streets all over the U.S. and Canada with the decline of the economy. Cut your personal expenses as far down as possible and donít start drowning your sorrows in dope or alcohol. If you have a romantic partner tal Read More...
  • Information on Filing Bankruptcy
    Bankruptcy is a legal declaration of an individual or organization of their inability to pay their debts to their creditors. One of the main reasons for the Bankruptcy Law is to help a person who is hopelessly burdened with insurmountable debt by wiping it out and allowing the debtor a fresh start. Two kinds of filing for bankruptcy The two kinds of bankruptcy filing is the straight and the reorganization bankruptcy. This is also called Chapte Read More...
  • Understanding Insolvency and Liquidation
    Liquidation is basically the process of turning a company's hard assets such as buildings, furniture, patents, and copyrights into cash. This process is done so that the company can use the cash to either pay off existing debt or to reap a personal benefit. There are three different types of liquidation that include members' voluntary, creditors' voluntary, and compulsory liquidation. Members' voluntary liquidation happens when the shareholders Read More...
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