If you’re facing repossession of your mobile home, you could choose the road of bankruptcy to prevent it from swallowing you up. Filing for bankruptcy is not a decision to be made lightly. Make sure youconsider the drawbacks to filing for bankruptcy— you may be setting things in motion t...
Editorial. Focuses on the efforts of Ames Department Stores to recover from financial losses. Target of Ames; Relationship with customers; Implication of Ames' voluntary bankruptcy filing.LisantiTonyEBSCO_bspDsn Retailing Today
Do you feel weighed down by debt? Do you feel like you need a way out of your debts, but don’t know how to get out of debt without filing for bankruptcy? Though the bankruptcy process can be long and complicated, filing for bankruptcy isn’t your only option. You can get out of ...
The article reports that Canada's largest media company, Canwest Global Communications Corp. filed for bankruptcy protection under the Companies' Creditors Arrangement Act. Leonard Asper, chief executive officer at Canwest, says that this financial restructuring package intends to minimize the business ...
Where can you find a loan after bankruptcy? While many lenders will not approve borrowers with a bankruptcy on their record, some will consider them on a case-by-case basis. Bankruptcy certainly increases your level of risk for the lender, but there are steps you can take to offset the ri...
As a result, the Bahamas-based firm filed for bankruptcy before seeking a bailout from private investors. Rival cryptocurrency exchange, Binance, offered to buy FTX but walked away after conducting their due diligence. Chronology of Events Nov 2 - CoinDesk leaks FTX’s balance sheets Nov ...
He says that since his resignation from MF Global, he hasn't had access to certain information he might need to "reconstruct the events that occurred during the chaotic days and the last hours leading up to the bankruptcy filing." "Without adequate time and materials to prepare, I may be ...
For example, say the IRS has afederal tax lienon a property that you need to sell immediately to avoid bankruptcy. You have paid the taxes necessary to lift the lien, but the IRS hasn't yet processed all the paperwork. The Taxpayer Advocate Service could help get the lien lifted. ...
Debt settlement, on the other hand, can stretch on for months and doesn't usually result in total elimination of the debt. If you work with a debt settlement company, you'll also be charged hefty fees. What Is the Downside of Filing for Bankruptcy? Bankruptcy's main downside is that it...
5. After Bankruptcy In the vast majority of cases, a bankrupt company becomes worthless toshareholders. However, for tax purposes, it is important to sell or realize the loss so that it can offset futurecapital gainsand a small percentage of regular income each year. ...