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…

So, you are in debt and this is not a very pleasant situation and it makes you feel frustrated and gives a lot of headache to you. You have probably read already a lot on theRead More…