Bankruptcy

Bankruptcy and a problem that everyone can meet him but with the help of our application it is finished Bankruptcy we will give you solutions to the problem

Bankruptcy is a legal status of a person or entity that can not repay the debts to the creditors. In most jurisdictions, bankruptcy is imposed by a short order, often initiated by the debtor.

Bankruptcy is not the only legal status that an insolvent person or entity may have, and the term bankruptcy is therefore not synonymous for insolvency.

In some countries, including the United Kingdom, bankruptcy is limited to individuals, and other forms of insolvency proceedings.

In the United States, bankruptcy is applied more broadly to formal insolvency proceedings. In France, the cognate French word bankruptcy is used solely for cases of fraudulent bankruptcy, whereas the term bankruptcy (cognate of "failure") is used for bankruptcy in accordance with the law.

The word bankruptcy is derived from Italian banca rotta, meaning "broken bank", which may stem from a widespread custom in the Republic of Genoa of a breaking a moneychanger's bench or counter to signify his insolvency, or which may be only a figure of speech.

The main focus of modern insolvency legislation and business debt restructuring practices is to ensure that the reinstatement and continuation of the business.

Bankruptcy fraud is a white-collar crime. The Court of Appeal of the United States of America, the Court of Cassation, the Court of Appeal, the Court of Appeal of British Columbia, dismissed the application of the. Falsifications on bankruptcy forms often constitute perjury. Multiple filings are not in and of themselves criminal, but they may violate provisions of bankruptcy law. In the U.S., bankruptcy fraud statutes are particularly focused on the mental state of particular actions.

Download Bankruptcy App It's FREE!!

If you like our app rate and share with your friends and take a look in our other amazing apps!