Liberal Democrat leader Sir Ed Davey is under fire as he intially refused to meet Alan Bates, the subject of the TV show, in his capacity as minister for the Post Office. He did later meet him in 2010. He has since apologised and claimed the Post Office "lied to him". Th...
When a limited company is referred to as being ‘bankrupt’, it means it can’t pay its debts on time, or its liabilities exceed its assets. However, the accurate term is company insolvency. As it is a commonly used term, we will use ‘company bankruptcy’ in parts throughout this arti...
Chapter 7 bankruptcy for a business is called liquidation. This is because the federal officer overseeing the case will close the business and liquidate its assets to pay off the debts. Chapter 13 is only for individuals and not businesses. It may be a good fit for those that can’t file...
The article offers information on how to address post-bankruptcy credit reporting when applying for a loan. It cites a scenario wherein a debtor who received a discharge in bankruptcy applied for a loan but was refused since the credit report from the creditor was not updated. The issue is ...
Bankruptcy| June 22, 2020 |Christopher Ross Morgan In board games likeMonopoly, when players filebankruptcy, the game is over. Fortunately, the real world is different, at least in this area. Far from ending the game, bankruptcy is a new beginning. Bankruptcy gives the “honest yet unfortunat...
Bankruptcy gives debtors the opportunity to start afresh financially, permitting them to discharge their liabilities.
Post Bankruptcy/Criminal Charges After emerging from bankruptcy in 2004, the newboard of directorssued 11 financial institutions involved in helping conceal the fraudulent business practices of Enron executives. Enron collected nearly $7.2 billion from these financial institutions as part of legal settleme...
Chapter 13 bankruptcy, also known as “wage earner’s" bankruptcy, is a popular option for those who earn money, but who have fallen behind with payments to their creditors. Through this type of bankruptcy, an individual sets up a program to pay down their debts after they’ve been reorgan...
The CEO said the chain has been “very vocal that we would deliver — even in bankruptcy — every dress that has been ordered,” as was the case post-pandemic. A vertical operation, David’s Bridal designs and produces all of its wedding dresses and bridesmaid dresses through a joint ...
Spirit Airlines, the airline of choice for many budget travelers, filed forbankruptcy protectionMonday, raising questions about the viability of no-frills airlines in the post-pandemic era, as consumer preferences shift toward more premium offerings. ...