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That may be true in the UK (though companies are more likely to go into "administration" there) and in some other countries. However, in the U.S. virtually all types of insolvency are now called "bankruptcy", whether for a person or a company; "liquidation" is just the traditional description of Chapter 7 bankruptcy.
What else can I help you with?
Methods of liquidation of companies?
under US law, the company can apply liqudation under two sec., sec7 & sec11
Can a person get a credit card for going through bankruptcy?
After bankruptcy one has to rebuild their credit rating. If or how fast one will get a new credit card depends on the issuing company. Alternatively one can apply for a pre-paid credit card.
Are Inflation savings bonds exempt when filing chapter 7 bankruptcy?
Inflation savings bonds, such as Series I bonds, are generally considered exempt from liquidation in Chapter 7 bankruptcy up to certain limits. However, the specific treatment of these bonds can vary by state, as bankruptcy exemptions can differ. It’s essential to consult with a bankruptcy attorney to understand how your local laws apply and to ensure that you properly account for these assets in your bankruptcy filing.
What is chapter 7 bankruptcy liquidation?
A Chapter 7 bankruptcy is a "straight bankruptcy" where the assets are liquidated. This differs from Chapter 11 and Chapter 13 bankruptcies, where the company is reorganized. For more information see the related link.
Can you apply for a student loan after a filing for bankruptcy?
Only if the bankruptcy is currently discharged.
How can I apply for a job with the AG Equipment company?
AG Equipment company is a competitive company. It is best to apply online through their site followed by a follow up with the HR person for the company.
How do you have lien removed from property after bankruptcy and person has died?
If the lien is a mortgage or a tax lien, the bankruptcy may not have discharged the debt, and the estate would have to be probated. The estate may be bankrupt, and there is usually a state procedure for estate bankruptcy. Federal bankruptcy does not apply. Consult a local attorney experienced in estates.
Can you apply for an apartment while in bankruptcy?
Yes
Can you apply to become an attorney if you have personally filed for bankruptcy in the past?
Yes, but you have to provide a copy of your bankruptcy file.
Can you file a bankruptcy an still apply for us citizenschip?
I think yes..there is no relationship between filing bankruptcy and apply for citizenship.filing bankruptcy is a personal issue its not a any crime or what.its true that it will be remain in your name for some years but it does not affect on your citizenship.
How can one declare corporate bankruptcy in the UK?
To be considered bankrupt, a court has to issue a bankruptcy order against you. One can apply to the court for bankruptcy if they are unable to pay their debts.
Can an old creditor ask for money if you did not include them in a Bankruptcy?
Yes. If they were not included then the bankruptcy doesn't apply to any debt owed to them.
