Different countries and jurisdictions have different legal definitions of bankruptcy for a corporation, but most countries employ one or a combination of the following:
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.
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.
No
You can declare bankruptcy due to credit card debts, yes.
You can declare Chapter 7 bankruptcy once every 8 years.
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.
Bankcard company need to carefully manage their budget as do all companies really. Overspending or not earning enough can cause companies to declare bankruptcy. Even famous companies like THQ declared bankruptcy in 2012.
Yes
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