How Long Does Bankruptcy Last? A Short Guide
It can happen to anyone: outside circumstances force you to file for bankruptcy. First there are a few reminders, then collection notices follow, and at some point it's no longer manageable...
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174 articles on money worries, saving, debt and sugar dating.
I Don't Want to Know: How the Bankruptcy Process Works
I never would have dreamed that my startup would go under. Everything started out so well. 18 months ago I quit my job as an office clerk. Before that I sewed unusual clothes at home...
Read more →Insolvency Definition
The term "insolvency" refers to the state of a French company that can no longer pay its debts. But what is the insolvency definition, and what should you do in case of insolvency?...
Read more →Filing for Bankruptcy
I'm a business owner. My company has 70 employees, and for ten years I've been running it on my own on beautiful Lake Michigan. We come up with innovative ideas in ship and boat building. It...
Read more →Debtor in Possession: Insolvency With Self-Administration
A debtor or insolvent company always has the option of taking over administration itself and managing and disposing of its assets on its own. A preliminary custodian is appointed...
Read more →Filing for Bankruptcy - What Does It Actually Mean?
A precarious financial situation is usually the reason people file for bankruptcy. Many different factors can lead to it. Debt, unemployment, long-term illness...
Read more →What Is an Insolvency Auction?
Once insolvency proceedings have been filed with the insolvency court and all creditors have agreed, the creditors want to be paid out of the debtor's insolvency estate. In other words...
Read more →What Is an Insolvency Proceeding?
An insolvency proceeding aims to place the assets of the debtor (the bankrupt company) under the direction of a trustee, who is responsible for managing the bankrupt company's assets...
Read more →Going broke and how to avoid it
You can already sense it, and the bad feeling doesn't lie. Going broke, striking the sails and no longer leading a normal life. These thoughts swirl around in your head and frighten those affected....
Read more →Afraid of Going Broke!
It all starts with money problems, with the money you have being in short supply. Having money problems shows when there's no money left in your wallet to buy something, say, a loaf of bread...
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