Browsing: Bankruptcy

Financial tips
Bankruptcy Vs Insolvency

Bankruptcy and liquidation have something in common, which is insolvency. Insolvency comes before liquidation or bankruptcy. If the business liabilities exceed its assets, it’s insolvent and, by law, must stop trading.…

Financial tips
Types of corporate bankruptcy

Before filing for corporate bankruptcy, it’s important for corporations to carefully consider their options with help from a legal professional.  Chapter 7:  While mainly used by individuals, this option is also available to corporations. In…