July 10, 2010
Bankruptcy is a good breeding ground for various abuses and violations. The complexity of the procedure, which requires considerable expertise and knowledge, corrupt practices that could achieve unjust decisions, imperfect legislation – all this often leads to the fact that bankruptcy is becoming an effective tool in the hands of fraudsters. There is quite a [...]
Read the full article →
July 10, 2010
For those who failed in business and therefore can not pay their debts, the law provides for a procedure of bankruptcy. Its meaning is to allow the debtor to regain solvency, but if this is impossible – an equitable allocation of available assets among creditors. Skillful use of the bankruptcy procedure allows one to get [...]
Read the full article →