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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.
Banking and Financial
Published December 2, 2008, 5:33 am, Mondaq
The current freeze in the credit markets and the resulting general downturn in the leveraged buy-out market have led private equity firms to search for new investment opportunities. Not surprisingly, the economic forces that precipitated the downturn may generate some of these new opportunities.
RPT-FEATURE-Dreaming of a cheap Christmas
Published December 2, 2008, 5:30 am, The Forex Market
LONDON, Dec 2 (Reuters) - The bright "50 percent off" signs plastered over the windows of London's plush new Westfield shopping centre don't hold much sway over Helen Marlow.
The 12 Things You Never Knew About Ted Rogers
Published December 2, 2008, 5:18 am, CityNews
His name is everywhere in Canadian business, and he wouldn’t have had it any other way.
Bridgewater Commons owner gets two-week reprieve on debt
Published December 2, 2008, 5:17 am, MyCentralJersey.com
Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
Investor Sues to Block Mortgage Modifications
Published December 2, 2008, 5:08 am, BusinessWeek Online via Yahoo! News
The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed a lawsuit in New York State Supreme Court alleging that the proposed modification of some 400,000 home loans originally underwritten by the defunct lender Countrywide Financial is illegal.
Media mogul Ted Rogers dies
Published December 2, 2008, 5:07 am, Toronto Star
Ted Rogers, one of Canada's most successful businessman known for high-speed Internet, cable television, cellular phones and owner of the Toronto Blue Jays, is dead at 75.
Bailout Monitor Sees Lack of a Coherent Plan
Published December 2, 2008, 5:05 am, The Hendersonville Times-News
The head of a new Congressional panel set up to monitor the federal bailout says the government still does not seem to have a coherent strategy for easing the crisis.
Ted Rogers dies at 75
Published December 2, 2008, 4:35 am, The Globe and Mail
Communications magnate mastered convergence, combining media content and transmission in a single corporate entity
Dolphin Digital Media Retains International Law Firm of Brown Rudnick LLP as General Counsel
Published December 2, 2008, 4:30 am, GlobeNewswire via Yahoo! Finance
TORONTO, Dec. 2, 2008 -- Dolphin Digital Media, Inc. , a developer of unique social networking websites using state-of-the-art fingerprint identification technology, announced today that it has retained the services of the law firm Brown Rudnick LLP to represent the Company as general counsel.
Ted Rogers, 75
Published December 2, 2008, 4:12 am, The Globe and Mail
Ted Rogers spent his life defying expectations. He feared he would die by the time he was 38, the age when his father was felled by a brain aneurysm, leaving a six-year-old son with the pristine image of a heroic dad.
Are you looking for additional Canadian Law > Bankruptcy news? Try our new "Bankruptcy News Focus" area.
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.
Tue Dec 2
- bankruptcy.qee tro.com
- Bankruptcy Information Centre & Bankruptcy Main Menu: free debt advice and credit counselling. solve your debt problems. the uk insolvency helpline will get you out of debt. a free debt advisory service.
- Bankruptcy UK - Help, Information, Assistance and Answers
Mon Dec 1
- Bankruptcy Info and Answers in Simple English: Bankruptcy information with no Legal Lingo
- Notes on the Foreclosure Crisis | Dollars & Sense
- Bloomberg.com: Pilgrim's Pride Seeks Bankruptcy on High Grain Costs (Update3): Pilgrim?s Pride Seeks Bankruptcy on High Grain Costs (Update3) chicken
- consumer bankruptcy project, consumer bankruptcy, bankruptcy research, bankruptcy data, bankruptcy petitioners, bankruptcy study, elizabeth warren Total Bankruptcy: National Consumer Bankruptcy Project Conducting New Research
- The best Debt Cures - Bankruptcy or Debt Settlement?: If you're new here, make sure you signup to win a free copy of Debt Cures. You can read my reviews of Debt Cures here you may want to subscribe to my RSS feed and get updates on Debt Cures. Thanks for visiting!Hello - It’s cyber Monday, time t...
- How long after a discharged Chapter 7 bankruptcy can I refinance? | Bankruptcy Help Desk: Hi, The 2-year ARM on my home mortgage (two mortgages) expires August 2008 (home purchased August 2006). However, I filed a Chapter 7 bankruptcy in 2007
- Arnold Schwarzenegger warns California is almost broke - Telegraph: California could become the first state in the American union to go broke after Governor Arnold Schwarzenegger warned it is heading for a "fiscal disaster" as a result of the global financial crisis.
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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