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Bankruptcy

Bankruptcy is usually not the goal of any company but it happens often enough you should be prepared and have plans in place in case you find yourself looking at bankruptcy. This is another part of business law that you would be well advised to hire an attorney for with experience and specific training in bankruptcy laws.

Bankruptcy Sub-Categories

Chapter 7 Explained - Chapter 7 bankruptcy: This is the most common type of bankruptcy proceeding used by individuals.

Chapter 11 Explained - Another type of less commonly used bankruptcy, mush like Chapter 7 bancruptcy that has specific criteria.

Frequent Questions - The primary purpose of the laws of bankruptcy are: (1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and (2) to repay creditors in an orderly manner to the extent that the debtor has property available for payment.

Bankruptcy Articles view all items

Credit for Public Interests
Author: Evan Bailyn
Do Bankruptcy Claims Involve Any Other Public Interests? They certainly can!

Assuming or Rejecting Unexpired Leases
Author: Evan Bailyn
Bankruptcy and Unexpired Leases: What are the Rules? The principal question applied to leases in bankruptcy proceedings is this: is the lease in question an actual long-term rental agreement, or is it a financial instrument that has been utilized for favorable taxation, depreciation, or other business advantages?

Appointment of an Examiner
Author: Evan Bailyn
Bankruptcy Oversight Options The Bankruptcy Code outlines the traditions and practices that the bankruptcy courts have found to be practical and fair.

Appeals in Bankruptcy
Author: Evan Bailyn
Filing for bankruptcy can be a pretty big deal. This is because a court becomes involved and the process can drag on for some time.

Abstention Under Bankruptcy Code
Author: Evan Bailyn
The rules governing the bankruptcy court are mighty complex and at times can seem unfair.


Bankruptcy Resources view all items

Federal Trade Commission's Website on Credit
Compliance requirements for businesses, and information about the FTC’s recent law enforcement actions.

Legal Information Institute: Bankruptcy
Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors.

U.S. Securities and Exchange Commission: Corporate Bankruptcy
Federal bankruptcy laws govern how companies go out of business or recover from crippling debt.

Frequently Asked Questions view all items

Chooselaw FAQ
This is a section devoted to frequently asked questions about Bankruptcy here on chooselaw.

LexisNexis
General Bankruotcy.FAQ's.

Lawtrove.Com
Frequently Asked Bankruptcy Questions

tshepard.com
FRequently Asked Bankruptcy Questions.

Latest Bankruptcy News view all items
FINSAC urges Gov't to adopt bankruptcy law (J...
4 Jul 2008 at 1:48am
THE ASSOCIATION of Finsac'd Entrepreneurs (AFE) wants the Government to enact legislation, similar to Chapter ...

Law society to investigate X-Copper bankruptc...
3 Jul 2008 at 12:27pm
The Law Society of Upper Canada says it will investigate the circumstances surrounding the bankruptcy of X-Cop...

XCopper bankruptcy eyed (Toronto Sun)
4 Jul 2008 at 4:19am
Law Society examines traffic-ticket fighter's claim

NORTH TONAWANDA: Council president finalizes ...
4 Jul 2008 at 12:29am
North Tonawanda Common Council President Brett Sommer announced in December 2006 he would be filing for bankru...


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