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Frauds and Scams > Bankruptcy
The following information is about Bankruptcy.
Bankruptcy Defined
Private individuals, privately held corporations and publicly traded companies may file for protection from creditors under federal bankruptcy laws. With regard to publicly held companies, these laws govern how they go out of business or recover from unmanageable debt. In the event that they file under Chapter 11 of the Bankruptcy Code in an effort to reorganize and become profitable again, management continues to run the day-to-day business operations, but oversight is exercised by the Court. If the company files under Chapter 7, they cease to do business, and their assets are liquidated by the Trustee who uses the money to satisfy debts to creditors and investors. The SEC may intervene if it appears that the company's officers and directors filed bankruptcy to shield themselves from lawsuits for securities fraud.
This definition is in context to Frauds and Scams. See more contextual defintions for Bankruptcy.
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Off-site Bankruptcy Links, User Submitted
The following links have been collected through user bookmark submission in the Bankruptcy category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Sat Jul 4
- Profiting from an Irvine bank failure - Mortgage Insider - OCRegister.com: Interesting look into FDIC procedure
- Should Biden Share Blame for Foreclosure Crisis? - ABC News
- Give Me Back My Credit, identity theft prevention and consumer advocacy by Denise Richardson
- Chapter 13 bankruptcy filing - with my own experience: The recent numbers concerning bankruptcy in our state show what is increasingly becoming a harsh reality for our fellow Texans, particularly in Austin, Houston and San Antonio. Just in the first few months of 2009, court records indicate that approximately 2,672 bankruptcy cases have been filed in Houston.
Fri Jul 3
- The Personal Bankruptcy Information: The idea of personal bankruptcy information itself very direful, however over 5.4 per 1,000 individual& ;#8217;s have filed for bankruptcy last year, and this rate has been considerably increasing at an average of almost 7 percent. The personal bankruptc...
- Boston Review ? warrentyagi.ph p: What?s Hurting the Middle Class The myth of overspending obscures the real problem
- The human cost of businesses entering administration is high - Telegraph: Don't let people tell you bankruptcy is pain-free. For employees, it's not.
- Personal Bankruptcy Ohio Links: Personal Bankruptcy Ohio Links
- Dangerously Delaying the Inevitable (FNM): Govt backed mortgage modification loans in default
- Bankruptcy Canada Information: Bankruptcy Canada resources
If you would like to find additional social bookmark based links on the topic of we recommend the Open Tag Directory > Bankruptcy. If you would like to find related tags we recommend Tag Patterns > Bankruptcy
Off-site Bankruptcy Research Links
If you still need additional information on Bankruptcy then we suggest the following off-site resources. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
- A9 > Bankruptcy
- Alexa > Bankruptcy
- DMOZ > Bankruptcy
- Feeds Filtered > Bankruptcy
- Google > Bankruptcy
- News Meme > Bankruptcy
- Nuah: News > Bankruptcy
- The Feed Directory > Bankruptcy
- OBP > Bankruptcy
- Open Tag Directory > Bankruptcy
- Podzy > Bankruptcy
- Yahoo > Bankruptcy
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