Bankruptcy
This is FindLaw’s collection of Bankruptcy articles, part of the Finance section of the Corporate Counsel Center. Bankruptcy law is federal statutory law contained in Title 11 of the United States Code. Congress passed the Bankruptcy Code under its constitutional grant of authority to "establish… uniform laws on the subject of Bankruptcy throughout the United States." Bankruptcy proceedings are supervised by and litigated in the United States Bankruptcy Courts. Find information about bankruptcy laws, including answers to some of the most frequently asked questions. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Finance
Bankruptcy Articles
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Bankruptcy
Individuals who are having problems paying their bills or who are threatened by a creditor with a lawsuit, a garnishment or a seizure of property often consider bankruptcy as a solution to their problem. The bankruptcy law is a federal law which is ...
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Be Careful Moving Your IRA Money
The Tax Court has recently highlighted another IRA rollover tax trap. There are two basic ways to move money from one IRA to another – a direct rollover and a trustee-to-trustee transfer. Although a direct rollover may be more convenient, the ...
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Brave New World: Indonesia’s New Bankruptcy Law
On April 22, 1998, a new era in Indonesian lawmaking was initiated with the signing by President Soeharto of Government Regulation in Lieu of Law No 1 of 1998 Concerning Amendments to the Bankruptcy Code. The Bankruptcy Code Amendment is significant ...
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Brief Update: Second Circuit Affirms Decision Permitting Debtor to Retain Collateral Without Reaffirmation or Redemption
The United States Court of Appeals for the Second Circuit again addressed the issue of whether section 521(2) of the Bankruptcy Code permits a chapter 7 debtor to retain property securing a consumer debt without either redeeming the property (making ...
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Brief Update: Second Circuit Grants Writ of Mandamus In NextWave Case
In the continuing battle between NextWave Personal Communications, Inc. and the Federal Communications Commission (FCC), the United States Court of Appeals for the Second Circuit has ruled in favor of the federal agency again. The Second Circuit ...
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Business Bankruptcy
A business bankruptcy is most often a voluntary legal proceeding filed by a financially troubled company seeking protection from its creditors. Two types are available - a Chapter 11 filing brought to financially reorganize or restructure the ...
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Buying On Time
Interest - Money paid for the use or borrowing of moneyMerchandise - To buy or sell thingsTransaction - A business dealRepossess - To take something back when payments are not made Payments are spread over a period of months or years. Item will be ...
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Canadian Bankruptcy Report
Over the past 25 years or more, a flourishing industry has developed in North America among finance companies of making loans to corporate borrowers to enable them to pay the hefty premiums on their business or industrial insurance policies.FN1 As ...
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Capital Markets and UK Tax: Seeking Continuity During Euro conversion
The euro officially came into existence on January 1, 1999, replacing the national currencies of eleven EU member states and representing perhaps the most visible indication to date of European Monetary Union. The emergence of a pan-European capital ...
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Chapter 7 Bankruptcy Protection
If your bills and creditors are ruining your life and if you are unemployed or are employed but not earning enough to keep ahead of your bills, you may want to consider discharging your debts, judgments, wage garnishments, etc. and getting a fresh ...
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