Different countries and jurisdictions have different legal definitions of bankruptcy for a corporation, but most countries employ one or a combination of the following:
You can file a petition for bankruptcy if you are "balance-sheet bankrupt"; that is, if your liabilities exceed your assets. Alternatively, you can file a petition if you are unable to meet your debts as they come due. Also a few of your creditors can get together and file an involuntary petition on you.
A company is bankrupt when it is insolvent.it cannot settle its indebtedness.
Yes, you are not required to be unemployed to declare bankruptcy.
no, they merged with a french company alcatel.
No
That's easy because there are many programs out designed for this called debt counseling. You can also go directly to a bankruptcy company and get help directly.
You can declare bankruptcy due to credit card debts, yes.
It is necessary to declare bankruptcy when a person cannot afford to continue paying for bills and other things they need. A person may declare bankruptcy if their business is not making any money.
It takes seven to ten years after you initially declare bankruptcy for it to drop off your credit report, and you really should wait at least 1-2 years after that to declare again I hope that helped.
he goverment
Yes
In 1933
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