ArticleField.comInternet's Fastest Growing Free Content Article DirectoryAs the recession continues to bite, increasing numbers of businesses are finding it difficult to continue trading. In this economic climate Phoenixing or Pre-Pack Administration would enable many businesses to continue to trade without the burden of servicing legacy debts. With the continuing economic downturn, more and more businesses are finding it difficult to continue […]
Not responding to and ultimately not paying a CCJ can have very serious consequences for a business. If you find yourself in this position, it is possible that your business is insolvent and you should act swiftly to agree on and implement a business rescue plan. Thousands of county court judgements are issued to companies […]
Historically, winding up was initiated by a creditor because they believed that a company was not able to pay its debts. Over the past 12 to 18 months I have seen more and more creditors using winding up petitions to force creditors to pay outstanding debt. The closest thing to bankruptcy for a limited company […]
Nobody wants to be caught in the debt; however, most of the people end up in huge debts, even if they do not want to. The economical as well as the social life of a person is greatly affected through this. The person is so much harmed by the debt that it becomes inevitable for him/her to avoid bankruptcy. This situation forces him/her to sleepless nights, and stress of finances. Thus, the person totally loses his peace of mind.
Lawyers who specialize in bankruptcy law are called bankruptcy law attorneys. Their primary role is to help you file for bankruptcy and to erase debt from your credit report.
