Why is Chapter 7 Bankruptcy Called a Liquidation Strategy?

May 5th, 2010

Mounting debt and an uncertain economy have spurred many individuals into contemplating bankruptcy as the answer to their financial difficulties. In today’s world of credit scores, it is essential to maintain a high score in order to survive economically in the world. With an overabundance of unpaid bills, loans, and credit card debt, bankruptcy has [...]

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Company Liquidation – What Will it Cost to Close My Company?

March 8th, 2010

If you need to close your company, there are costs involved which often need to be borne by the directors. However better this than waiting for a winding up order and risk being left liable for company debts. If a company needs to be closed because it is unable to pay its creditors and is [...]

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Small Business Liquidation

February 27th, 2010

Many people dream of owning their own small business. Unfortunately, many small businesses do not make it, and their owners are forced to shut their doors or file for bankruptcy. In these cases, it is important for the owner to make the process as painless as possible by recovering funds as best they can. Sometimes [...]

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Asset Liquidation Process Underway For Building Supply Company Post-Bankruptcy

February 6th, 2010

Asset Liquidation Process Underway For Building Supply Company Post-Bankruptcy
Tranzon Integrated Property Group, in cooperation with Newmark Knight Frank, to auction remaining 15 surplus properties in 10 states; 19 properties already sold or under contract
Read more on PRWeb via Yahoo! News

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Air America Files for Chapter 7 Liquidation After Sales Drop

February 5th, 2010

Air America Files for Chapter 7 Liquidation After Sales Drop
Feb. 4 (Bloomberg) — Air America Media , the radio station with liberal-leaning programming, filed for bankruptcy to liquidate after a drop in advertising sales.
Read more on Bloomberg

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