Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "13Bankruptcy"

Bankruptcy Attorneys of California help you interpret Chapter 13-Bankruptcy

Bankruptcy is filed when you are completely out of funds and resources. Bankruptcy is the legal status seeked by an individual or an organization when it is unable to repay its debts. It may be filed by the creditors and usually is the signifier or a restructuring of the organization from the scratch. Bankruptcy is not a modern concept. Evidence of systems very similar to bankruptcy can be seen even in the most ancient civilizations. For example in ancient Greece, if a man was unable to repay his debts, he was forced into slavery and made to work until and unless he was able to pay off his debt through his labour. Though, of course, the system, functioning and remedies regarding bankruptcy have become more refined by time, they have … Read entire article »

Filed under: Uncategorized

Get Adobe Flash player