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| | BIGpedia - Bankruptcy - Encyclopedia and Dictionary Online |
 | | Additionally the declaration of bankruptcy allows debtors to be discharged of most of the financial obligations, after their assets are distributed, even if their debts have not been paid in full. | | | The primary purpose of the laws of bankruptcy are: (1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and (2) to repay creditors in an orderly manner to the extent that the debtor has property available for payment. | | | One major purpose of bankruptcy is to ensure orderly and reasonable management of debt. |
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http://www.bigpedia.com/encyclopedia/Bankruptcy
(1643 words)
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| | EH.Net Encyclopedia: Bankruptcy Law in the United States |
| | The 1898 Bankruptcy Act is amended to include railroad reorganization, corporate reorganization, and individual debtor arrangements. | | | Second bankruptcy law is enacted in the wake of the Panics of 1837 and 1839. | | | Creditors could file a bankruptcy petition against a debtor, the debtor's assets would be divided on a pro rata basis among his creditors, and the debtor would receive a discharge. |
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http://www.eh.net/encyclopedia/?article=hansen.bankruptcy.law.us
(4097 words)
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| | Chapter 11 bankruptcy - Hutchinson encyclopedia article about Chapter 11 bankruptcy |
| | Provision of US federal bankruptcy legislation allowing a company in debt to continue its business operations by means of a plan of reorganization, subject to certain statutory criteria. | | | The legislation exists because it is often more cost-effective, in both financial and human terms, to return a company to viability, saving jobs and assets, than to liquidate it. | | | In this way it may be able to return to trading as a viable concern, assuming it can reduce its debts with reorganization. |
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http://encyclopedia.farlex.com/Chapter+11+bankruptcy
(182 words)
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| | bankruptcy - Columbia Encyclopedia® article about bankruptcy |
| | bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. | | | Bankruptcy is also permitted when the discharge of debts would otherwise be unduly delayed, e.g., if the debtor has fraudulently transferred property to put it out of a creditor's reach. | | | The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most instances, to discharge the debtor from further liability. |
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http://columbia.thefreedictionary.com/bankruptcy
(534 words)
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| | Personal bankruptcy - encyclopedia article about Personal bankruptcy. |
| | In other jurisdictions, bankruptcies are reserved for corporations. | | | Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. | | | Personal bankruptcy is a procedure which, in certain jurisdictions, allows an individual to declare bankruptcy. |
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http://encyclopedia.thefreedictionary.com/Personal%20bankruptcy
(391 words)
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| | [No title] |
| | Description: Debt and bankruptcy legal information on credit repair, credit rating, getting out of debt, student loans and budgets. | | | Title: Debt andamp; Bankruptcy - Legal Encyclopedia - Nolo | | | Legal Directory : Debt andamp; Bankruptcy - Legal Encyclopedia - Nolo |
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http://www.legaldirectory.ws/detailed/30946.aspx
(51 words)
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| | 1.1.3: Definitions: Bankruptcy - Encyclopedia - Library - VC Experts |
| | An attorney-client relationship does not exist in connection with the non-legal services VC Experts provides. | | | Remember Me Register for free or become a Premium Subscriber | | | 1.1.3: Definitions: Bankruptcy - Encyclopedia - Library - VC Experts |
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http://vcexperts.com/vce/library/encyclopedia/documents_view.asp?document_id=119
(250 words)
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