The Latest Small Business Bankruptcy News and Articles for
Thursday, 21 August 2008 10:10 pm:
Debt Management Gaining Popularity As Small Businesses Face Tougher EconomyChicago-area debt negotiator Performance Source Inc. sees business accelerating as small firms face higher interest rates and energy costs, and new bankruptcy rules. [eMediawire.com Sep 29, 2006]
Court Interprets 'Ordinary Course' Under New Bankruptcy LawSome of the most-discussed changes made by Congress under the 2005 bankruptcy act are the seemingly small, but significant, changes to the "ordinary course of business" defense concerning the avoidability of preferential transfers. Now, a bankruptcy court has addressed the issue, finding that equal weight must be given to the "subjective" pre-petition conduct of the parties and the "objective" general industry standards to determine whether a transfer was made in the "ordinary course of business."
Bankruptcy And Starting A Small BusinessBankruptcy Reform Bankruptcy reform legislation has been loosened too far Bankruptcy in Canada is set out by federal law, in the United States
Bankruptcy Attorney - Utilizing their Expertise and Choosing the Right OneBankruptcy can be the biggest burden to an individual, small business or a multi million dollar corporation. Bankruptcy is a condition where the business cannot meet its debt obligations and petitions as well. In the action, the debtor pays his property to the creditors.