Liquidation of the legal person in bankruptcy procedures is one of stages of life of the legal person which not always means the termination of its existence. It’s always a hard step to do. But sometimesRead More…

Bankruptcy is considered in a judicial order in situations when the company is a debtor. The bankrupt is considered the company which does not have the financial capital and still remains the debtor and which doesRead More…

There are two categories of bankruptcy. They are business bankruptcy if debts have grown out of commercial activity or bankruptcy of consumers if debts were result of noncommercial activity as purchase of the goods. Businessmen shouldRead More…