In order to answer the question of legality, as well as to confirm or disconfirm the hypothesis that sovereign state can declare bankruptcy, descriptive, analytical and comparative methods are used. The article provides a historical overview of state bankruptcies. The article also explores the ...
Filing for bankruptcy isn't a decision to take lightly, as it has short- and long-term consequences and can be financially and emotionally disruptive. Your credit score may fall after filing bankruptcy, and the legal process can be intrusive as a court-appointed trustee reviews your financial r...
California, visitkt-bankruptcylawyer.com. This great and successful law firm has helped hundreds of Californians obtain the financial relief they needed, and they can help you achieve it too, even if it is for a second time. If you want to know how they can help you, feel free to contac...
Why might a person declare personal bankruptcy? Are punitive damages tax deductible? Is treason a felony? Is Department of Justice involved in medical fraud? Does the FBI indict people? Is false arrest considered personal injury? Who are the parties in a criminal law case? What are the legal...
Chapter 7 bankruptcy is also known as Liquidation Bankruptcy, and essentially allows a person who finds themselves drowning in debt to permanently avoid the majority of their unsecured financial debts. Those who qualify for a Chapter 7 bankruptcy can reduce their financial obligations, allowing them ...
And in the world of lending it’s a lot more personal, if you will, that by which if it doesn’t work, what are you going to do about it? It’s the I have to declare personal bankruptcy, and I still owe you money. And the only answer, of course, is go deal with that. ...
countries like Greece can’t declare bankruptcy, although this has been proposed. Homeowners can’t use bankruptcy to deal with their mortgages. Students can’t even refinance their student loans at lower rates. In Kuttner’s words: “The obligations of a student loan follow a borrower to the...
If I have a great credit score (800+) could I get a bunch of credit cards, max them all out, and then just declare bankruptcy and never have to pay for the things I bought on credit? Extended collection periods are a problem because: a. the ...
debts more manageable, such as reducing the interest rates, canceling some portion of the debt, or giving you longer to repay. Debt relief often works to the creditor’s advantage as well, as they are likely to get more money out of the arrangement than if you were to declare bankruptcy....
have a lot to do with a company's fundamentals and growth outlook. As long as these are favorable and positive, a stock's price tends to rise. If, however, a company can no longer operate profitably, there is a chance that it will be forced out of business and declare bankruptcy.3 ...