Recognition of the debtor’s insolvency (bankruptcy) is currently the only legal way to end (repayment) of all debts of the organization, which can not satisfy the claims of creditors (Insolvency…

The process of creation and liquidation of companies is a constant process. As recent events in the world show that it’s impossible to be always in the positive dynamics of…

It is not a secret that any company can be a ”bankrupt”, because the basic criteria of bankruptcy is the relationship between accounts receivable and accounts payable, the value of…

Bankruptcy is a very hard step to do. But sometimes a person is in such a situation that he has to face the bankruptcy. Do not think of bankruptcy as…

When a company is the debtors and bankrupt, then such a process is discussed in the bankruptcy court. B any company is recognized as a bankrupt when its financial capital…

We think that bankruptcy (both real and legal) is like a chess game where the stakes are very high and the payoff is predetermined by those who make the first…

Who may initiates bankruptcy in economical crises? 1) Experienced businessman who prefer to lose now less, and then catch up. They order financial and legal audit, the outlook for its…

As an increasing amount of people face ever-mounting debt, some have started to consider individual voluntary arrangements (IVAs) as a way of avoiding bankruptcy. First created in the 80s to…

So you want to change mortgage companies, however you don’t want to get hit with that large penalty that your previous bank is going to charge you to cancel? You…

Getting into debt is a reality of life, and a lot of people are indebted in one way or another; to the bank through credit cards, individual loans or overdrafts,…