We aim to provide information that can help you understand more of the definitions and laws that surrounding bankruptcy practice and business laws in North America and Europe.
The vast majority of our clients have never filed for bankruptcy protection. The legal language can at times be frustrating, so we’ve included a page of bankruptcy terms.
We’ve made this research easier by adding a page of links to reputable providers of information.
One of the terms we’ve come across is” Bankruptcy Estate” and requires a page of its own.
The bankruptcy process is legally binding on all parties. It is orderly and mostly predictable. These are the reasons one files for bankruptcy protection instead of negotiating with creditors or letting them pursue their rights unabated.
Likewise, debtors have responsibilities during bankruptcy.
And finally, the point of filing for bankruptcy protection is so you can re-launch your financial life.