Monthly Archives: May 2018

Bankruptcy Liquidation and Reorganization

Bankruptcy Liquidation and Reorganization In this article we will discuss Bankruptcy Liquidation and Reorganization. Currently, the bankruptcy laws define situations in one of two ways, liquidations or reorganizations. Most people recognize bankruptcy as the Chapter 7 liquidation. This type of bankruptcy allows the debtor to choose how to treat their secured debts, and be able… Read more »

A Brief History of Bankruptcy

A Brief History of Bankruptcy Everything has an origin, but do you know the history of bankruptcy? The beginning of the concept of the adjustment of the debtor-creditor relationship arises in the Old Testament, where it suggests that debts should be forgiven after seven years. The word “bankruptcy” comes from the Roman era when most… Read more »