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Canadian Law > Bankruptcy
The following information is about Bankruptcy.
Bankruptcy Defined
The formal condition of an insolvent person being declared bankrupt under law. The legal effect is to divert most of the debtor's assets and debts to the administration of a third person, sometimes called a " trustee in bankruptcy", from which outstanding debts are paid pro rata. Bankruptcy forces the debtor into a statutory period during which his or her commercial and financial affairs are administered under the strict supervision of the trustee. Bankruptcy usually involves the removal of several special legal rights such as the right to sit on a board of directors or, for some professions that form part of the justice system, to practice, such as lawyers or judges. Commercial organizations usually add other non-legal burdens upon bankrupts such as the refusal of credit. The duration of "bankruptcy" status varies from state to state but it does have the benefit of erasing most debts even if they were not satisfied by the sale of the debtor's assets.
This definition is in context to Canadian Law. 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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