Bankruptcy

stress, debt, bankruptcy, and problems with relationships. Some people have a different vision of affluenza. Most people believe that affluenza is a rich person’s disease. Although affluenza is a rapidly growing and contagious disease, it can be cured and even prevented. There are many symptoms to catch affluenza. One symptom of affluenza is the rate of growing bankruptcy. Many families would usually build up debt and then declare bankruptcy. In 1980, more people declare bankruptcy…

On or about August 1, 2008, Excel Academies, Inc. (“EA”) entered into a Lease Agreement, whereby EA leased a building known as the St. Bernard School, 5811 Riverdale Road, Riverdale, Maryland (“the Building”). Pursuant to the terms of the Lease, Defendant EA agreed to pay certain sums to Plaintiff Archdiocese in exchange for the use and occupancy of the Building. The parties agreed to amend the Lease several times, with the Third Amendment being agreed to on or about October 21, 2011. Pursuant…

2016 Glossary Terms Bankruptcy: Bankruptcy is still a viable option for the consumer as well as the business owner. If a person owes consumer debts such as credit card debts that are simply too large to pay within a reasonable time, then bankruptcy is an option, and the debts can be removed (without tax) in a bankruptcy. (Chesnutt, Charles) Bankruptcy 7: When a corporation or partnership files a Chapter 7, liquidation occurs. Moreover, immediately upon filing the bankruptcy, all of the assets…

owners will have a new decision to make: should they file for bankruptcy or try to cover the deficit with personal funds? When attempting to decide whether or not to file for bankruptcy, the answer is almost always the same. Only file for bankruptcy if it is absolutely necessary. In the best-case scenario, you will be able to figure out a way to close the company and cover the company debt without the bankruptcy filing. Some look at bankruptcy at this point and see it as a smooth sailing…

Despite the extraordinary development of the world in the 200 years I have not been around, with tremendous technological and ideological advances that brought about wealth unheard of back in my time, it is disheartening to see that some mercantilist ideas and practices are alive and well. As a reaction to the problematic repercussions those practices had on the common workers, Robert Reich wrote a book entitled “Saving capitalism” in which he describes them and calls for a “reorganization of…

Are you interested in opening a business in Australia? Dear Entrepreneur, here is the information that you absolutely need to know prior to investing. I chose Australia because it has already set up common structures that an entrepreneur I could choose from when establishing a new business. These structures are breakdown into, sole, trader, partnerships, trusts and companies/corporations. This will help to carefully consider what my business needs are and what will suit me as an entrepreneur in…

a suitable personal bankruptcy lawyer it is first of all necessary that you get to understand exactly what personal bankruptcy is and what the ramifications of it are. It is only after you have become well educated about what personal bankruptcy is can you expect to identify the right lawyer. Also, you must remember not to act in haste and hire a lawyer thinking that this is all that it takes to solve all your financial woes. State Regulations Filing for personal bankruptcy actually only tells…

The closure of “The Hostess Company” was a shocking action that affected around 18,000 employees all around U.S. This company was popular because of the famous product that they used to produce like the Twinkie and Wonder Bread. The issue that involved the company and make them close was a financial and operational mismanagement that take them to bankrupt, because of the issue the company became to have debts, lost of the market and declination of its sales. The company became to have this type…

Creation of the floating charge in English jurisdiction had been developed throughout the nineteenth century. In Holroyd v Marshall1 in 1862, all of future assets could be charged and obtained after its acquisition by the debtor. This principle creates problem on how the company could run its business as a going concern and the company could be paralysed because the company’s business relied ultimately on its assets. This problem was solved by Sir Giffard LJ in Re Panama, New Zealand and…

When a defendant released on cash bail fails to appear in court, or otherwise violates a condition of their bail, the court can declare the bail bond forfeited. State laws often require that notice of the forfeiture be sent to the defendant and to their surety. Once the surety is notified, they can produce the defendant, provide the court with an excuse deemed acceptable for the defendant’s non-appearance, pay the forfeited bond, or face the consequences of not paying it In some countries, a…