--%>
Assignment Help - homework help

Bankruptcy

A legal process that allows a debtor, either a person or a business, to redundant some or all of the debt. The normal process involves selling asset and using the proceeds to pay off creditors in an order and/or in an amount determined by a judge. Some types of bankruptcy have arranging a payment schedule, rather than selling the asset of the filer. Bankruptcy happens in business when the amount of debt is greater than the market value of the assets of the business. Personal bankruptcy is an option for married couples or individuals unable to pay their debts. The bank- ruptcy laws don't allow individuals to have their debt discharged more often than every six years.

 

   Related Questions in Financial Accounting

  • Q : Social issues & person statuses Think

    Think of person you will who often irritates you or whose behaviour greats on your nerves. First list that person statuses and role then analysed his or her possible role expectations, role performance, role conflict and role strai

    		•
  • Q : Operation of currency forward and

    Describe basic differences between operation of a currency forward market and a futures market.

    		•
  • Q : Regions where uniform costing can be

    Write down the regions where uniform costing can be executed?

    		•
  • Q : Explain the term Company Explain the

    Explain the term Company in reference to Accounting?

    		•
  • Q : International diversification Evaluate

    Evaluate the home country’s multinational corporations as a tool for the international diversification.

    		•
  • Q : Major reasons of current account

    In contrast to the U.S., Japan has observed constant current account surpluses. What would be the major reasons for such surpluses? Is it advantageous to have constant current account surpluses?

    		•
  • Q : Analyse the ramifications for

    HOMEWORK ASSIGNMENT FOR ADMINISTRATIVE LAW"The problem in today's complex legal environment is that the law is not able to be divided conveniently into segments. Any apparently discrete sect

    		•
  • Q : What is Corporate Social Responsibility

    Corporate Social Responsibility directly states that every company is responsible towards the society and the environment. So this is a duty of every company to create eco-friendly new products. In the current scenario when the fuel prices are increas

    		•
  • Q : Please help me he following information

    he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost

    		•
  • Q : Styles of love Identify and explain the

    Identify and explain the styles of love. Describe each of these styles and give an example of each.

    		•