One of the problems which company directors face when considering a pre-pack liquidation solution is their ability to fund the purchase of the old company’s assets and good will. One way this can be financed in the current climate is through asset refinancing.
Posts Tagged ‘Assets’
Bankruptcy FAQ’s – This is the Third in the Series of Articles
Thursday, July 23rd, 2009Who decides what a fair value for my assets is? It rather depends. If it is for example, your household items and matters of that nature which you wish to retain, then generally speaking, the Trustee will exempt items up to a value of about
Investment Management Using Portfolio Management Software
Tuesday, July 21st, 2009Investment Management denotes the management of different securities as well as assets in a professional manner, in order to meet some specified goals of Investors. Securities commonly refer to stocks, shares, bonds etc., whereas assets may include real estate, jewelry as well. Investors can be either institutions like corporations or insurance companies; or private investors like individuals.
Chapter 7 Bankruptcy Procedure
Saturday, July 18th, 2009Chapter 7 bankruptcy law is also known as liquidation. It allows the debtor to pay off debts by selling his assets and dividing the proceeds among his creditors. A special court officer known as a trustee is appointed. In the states of North Carolina and Alabama, he/she is known as the bankruptcy administrator.
Some of the Effects of Bankruptcy
Wednesday, July 15th, 2009Bankruptcy is a concept that is common to many people all over the world. It refers to a situation where a person or a business is unable to make regular and constant payments to their creditors. This is mostly as a result of having more liabilities than assets and poor spending habits. The law recognizes the fact that some people may find themselves in such a scenario.
