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 ...
Drawbacks and Consequences of Filing for Bankruptcy 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...
You can usually keep your car byreaffirmingyour car loan and continuing to make payments. Similarly, you can usually keep your home if you declare bankruptcy, even if you owe money on it, so long as you continue making the payments and don’t have more equity than you are permitted under...
Bankruptcy—the legal process for companies or individuals when they can't pay their debts—can be a pretty negative situation for those going through it. But for investors who are willing to do some research, it can present opportunities. Here, we'll take a look at exactly what happens dur...
Because your investment is backed by real property, it can’t disappear or declare bankruptcy like a stock. In the worst case scenario, it temporarily dips in value alongside property values, even while paying out dividend income. But real estate market corrections are uncommon, and almost never...
Obama: (…whispering…) “Can anyone hear us?” Boehner: “No. We’re clear.” Obama: “OK. Just like we agreed. Tomorrow, I will publicly attack you and make a pathetic opening offer. Remember to beat your chest and tell America how disappointed you are in me. We then bicker like...
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...
you will not be arrested for it, but they can sue you and you will have to pay them a lot of money (effectively forcing you to declare bankruptcy). Any website that allows people to promote such activities likewise is a prime target, this is why most forums ban ...
If Cook County omitted all improvements from assessments, and levied taxes based on land value only, a considerable tax burden would have been shifted to speculators from homeowners and others who productively use their land. And this bankruptcy sale, getting the land back into use, would have ...
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. That’s it. We’re going to step very far out of your life and we’re going to see you come back from the financial brink that you’re in. ...