When a firm declares bankruptcy, this decision has an impact on all the contracts signed by the firm. The law forces the firm to complete its performance in case of some contracts. On the other hand, the firm has the option to opt-out of some contracts. One such category of contracts i...
Will previous financial difficulties experienced ‘in another life’ outside of Hong Kong impact on your ability to secure an employment visa here? QUESTION I’ve dreamed of living in Hong Kong for much of my life, but I have a bankruptcy in my past and don’t know if it will affect my...
Municipal bankruptcy has the following impact on the society, including municipal employees, businesses, employment, and more: Pensions and benefits of the public employees may go down or end fully. Municipal employees may need to spend more to get the healthcare benefits. Hiring may stop, and t...
Impact Case of the Year:In re the Financial Oversight and Management Board for Puerto Rico Elise Bloom: Labor & Employment Management Attorney of the Year Martin Bienenstock: Bankruptcy Attorney of the Year Bankruptcy Firm of the Year Proskauer has had major roles in some of...
Specifically, bankruptcy statutes must firstly adopt a standard for exemption eligibility that coincides with venue requirements; secondly examine the relative financial impact of the relocation; and thirdly repeal the dollar cap on homestead exemptions in the context of relocation. These simple changes ...
Many lenders consider your employment history when reviewing applications. Having a consistent income improves your chances of being approved for future loans. On the other hand, job hopping or gaps in employment can make you look like a risk. ...
Specifically, bankruptcy statutes must firstly adopt a standard for exemption eligibility that coincides with venue requirements; secondly examine the relative financial impact of the relocation; and thirdly repeal the dollar cap on homestead exemptions in the context of relocation. These simple changes ...
(Bose et al., 2021; Rastogi and Kumar, 2024; Singh et al., 2023), to our knowledge, none have investigated the influence of the IBC on the leverage speed of adjustment. Therefore, our first objective is to use the introduction of IBC as a natural experiment to analyze its impact on ...
The court is very strict on this law and cannot relieve the parents from the obligation. If you are making payments for child support and consider filing for bankruptcy, you may need to know filing for bankruptcy will impact the child support responsibility. Alternatively, if you are the ...
There is no minimum level of debt needed to file for bankruptcy. However, given the impact it can have on your property, credit, and overall financial life, you should generally file for bankruptcy only if you have no other way to eliminate or pay off your debts. The Bottom Line Bankrupt...