The Principles of Bankruptcy

Business Bankruptcy
Knowledge Center

 
Business Bankruptcy > Forum

New Topic


Mohammad Hamdan
Russian Federation
Bankruptcy systems differ from one country to another as a result of the development of this system over time and place, in addition to the differences in the goals that each legislator wants to achieve through organizing this unfortunate economic and business situation. In spite of that, there is still a set of basic principles that control most if not all bankruptcy systems. The importance of recognizing the principles of bankruptcy for businessmen and managers lies in enabling them to draw a picture in their minds of what will face them in the case of exposure to such risk, and in understanding the basics of dealing with others with regard to debt relations. So what are these principles of bankruptcy? STOP THE DEBTOR FROM MANAGING AND DISPOSING OF HER/HIS MONEY One of the most important foundations on which bankruptcy is based, is the debtor's ceasing to manage and dispose of her/his money, whether in present or future, from the date of the issuance of the judgment declaring he (...) Read more? Sign up for free

 

More on Business Bankruptcy
Summary
Forum
The Principles of Bankruptcy
🔥10 Tips to Prevent Bankruptcy
Why Should an Indebted Company Avoid Bankruptcy?
An Out of Court Workout as an Alternative to Bankruptcy
How do Bankruptcy Procedures Affect the Creditors?
How to Avoid Bankruptcy
Special Interest Group

Are you interested in Business Bankruptcy? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:


Business Bankruptcy
Knowledge Center

 


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 2-3-2021. All names of their owners.