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Bankruptcy
4 pages (1000 words)
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...Bankruptcy indicates the declaration of ineligibility from the company to repay its debt to creditors, and is filed in the court of law. In another way when the company are unable to make payments to the creditors then they can file bankruptcy protection in the court of law. From an individual's point of view, if he or she declares bankruptcy the court of law discharges the debt or repays the debt after selling the property or makes an appropriate plan to repay the debt. From the company's perspective, if the company files bankruptcy protection in the court of law then the court assign an agent to the company, who arranges...
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Bankruptcy
1 pages (250 words)
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...Bankruptcy Bankruptcy Social and ethical responsibilities are the two major traits that a person must possess before starting any type of business. Filing for bankruptcy in reality, is the last resort in the minds of Entrepreneurs, because this act is considered bad for a person’s reputation. According to my opinion, filing for bankruptcy is both a social as well as an ethical responsibility. It allows the entrepreneur to send a clear message to his clients that he will not be able to pay his debts. It also allows the lower staff to understand that they will not gain any profit from the company. Filing for bankruptcy is like being honest to the people around you. When an organization files... ...
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Bankruptcy
9 pages (2250 words)
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...Bankruptcy Laws Businesses are profit-seeking enterprises comprising of an individual, an association of persons, or a corporation indulged in activities of commerce – manufacturing concerns or services (Preston, Fryer, and Watson). Such activities require several transactions to be made on credit basis. The receiver of credit is called the debtor, whereas the giver of credit is called the creditor. Especially in America, the general reliance of business transactions on credit has been dominant.This reliance has emphasized the need for bankruptcy laws and laws governing the dismissal of debt. At times, due to poor planning or other reasons, debtors are unable to plan... their financial...
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Bankruptcy
2 pages (500 words)
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...Bankruptcy Bankruptcy can be defined as a process with which a business can eliminate or repay part of or all debt, but under the safeguard of the federal bankruptcy court (Cross & Miller, 2011, p. 371). Accordingly the Bankruptcies are categorized into two: the Liquidation and the reorganization types. The two categories engross the five bankruptcy types: chapter7-Liquidation, chapter 13-individual debt adjustment, chapter 11-reorganisation, chapter 12-Family farmer, and chapter 9- municipality (Distenfield, 2005, p. 47). All five chapters are distinct as each defines each obligation of debtors and as determined by bankruptcy courts. Chapter 7 Bankruptcy is also known as straight bankruptcy... ...
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Bankruptcy
1 pages (250 words)
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...bankruptcy also known as liquidation bankruptcy is the common bankruptcy chapter across the United States. It usually involves a trustee selling a debtor’s non-exempt assets and turning over the proceeds to the creditors. In this regard, the debtor is required to gather all their financial records properly before filing the petition. Chapter 7 bankruptcies can be filed by businesses which are troubled by debts or those which are unable to pay off their creditors. In the same way individuals who reside or own property in the country can file for chapter 7 bankruptcy. However, individuals who have had their bankruptcy cases dismissed in the last 180 days do not qualify for this type... of...
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Bankruptcy prediction
13 pages (3250 words)
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...bankruptcy prediction. 2. Write abstract. 3. Write Introduction. 4. Write Methodology sections. (please refer to references section below) 5. Define Hypotheses and test by using SPSS software to do cross-sectional anlaysis based on spreadsheet attached. (Ohlson model) 6. Conclusion Here is Ohlson model. Example: Y = -1.3 - .4 Y1 + 6.0 Y2 - 1.4 Y3 + .1 Y4 -2.4 Y5 - 1.8 Y6 + .3Y7 -1.7 Y8 - .5Y9 where: Y1 = log(total assets/GNP price-level index); Y2 = total liabilities/total assets; Y3 = working capital/ total assets; Y4... I am doing FTSE all share travel and leisure industry. Please see attached spreadsheet, I retrieved data from datastream advanced Define researchquestions and objectives based on...
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Detroit Bankruptcy
5 pages (1250 words) , Download 2
...Bankruptcy Introduction Detroit became the largest interms of size and population in the United States history to file for chapter 9 municipal bankruptcy in July, 18, 2013 with an estimated debt of $18-20 billion. The proceeding provides protection to financially distressed municipalities from creditors through the creation of a financial plan aimed at settling the debt. The purpose of the filing was to extend the loan terms while maintaining a lid on the interest rates. The announcement of bankruptcy by Detroit is a prophesied case. The liquidation of a municipal’s assets cannot happen as a result of the request of a creditor. A municipality... Accounting Issues that contributed to the Detroit...
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Bankruptcy Law
2 pages (500 words)
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...Bankruptcy Law Introduction to Business Law 11/01/2005 Bankruptcy Law Bankruptcy allows those in debt, either an individual or a business, to have most of the debts discharged and allow the rights of the creditors to be protected as well. This essay will discuss the following bankruptcy situations: Case # 1: A woman is the sole proprietor of a small business that is about to fail. She has accrued about $75,000 in debt and is unable to pay her creditors. She has decided to file for bankruptcy so she can settle up with his creditors and move on to another, hopefully more profitable, business. Case # 2: A...
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Personal Bankruptcy
2 pages (500 words)
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...bankruptcy laws in 2005? The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 have introduced major changes in the debtor-creditor relations. The section 106 of the Act makes it necessary for those who are to submit a petition under Liquidation (chapter 7) or wage earner plan (chapter 13) to have received credit counseling from those who have been approved by the Bankruptcy trustee which would essentially brief the petitioner about the alternatives and economic issues related to bankruptcy. Section 102 of the Act also requires the attorneys representing the petitioner to have conducted a formal enquiry before filing the claim. Section... Essay What were the major reforms made to federal...
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Creditor's right and bankruptcy
6 pages (1500 words)
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...Bankruptcy Bankruptcy, debtors, creditors etc are some common terms associated with business. Bankruptcy cases occur when a person or organization fail to run their business positively and may suffer huge losses. In such cases, the entrepreneur or the organization (debtor) may try to file bankruptcy suits in order to escape from the immediate threats from the creditors. Some of the bankruptcy cases might be real ones whereas some others might be fabricated or fake ones. In any case, the ultimate sufferer would be the creditors. Most of the creditors have the illusion that once the debtor files a bankruptcy suit, their hope to recover money would be vanished. But creditors have... Creditor’s Right and...
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Law essay about Bankruptcy
7 pages (1750 words)
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...Bankruptcy is a legal inability to pay debts. Samuel Blankson (2004) simply described the declaration of bankruptcy as a legal way of cancelling all payment to creditors. It is a way of dealing with debts that one cannot pay. Two main parties are involved in a bankruptcy. First is the debtor. The debtor is a person or entity owing the money. It is the party that files for a bankruptcy relief. The other one is the creditor. It is a party or a company owed by the debtor and is claiming that the debts are due to them by the debtor. Most bankruptcies would not only involve one creditor but many. Debts are...
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Bankruptcy and Reorganization
2 pages (500 words)
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...BANKRUPTCY AND REORGANISATION Let us look at the case of Beren first. Chapter 7 is considered to be a powerful tool while dealing with heavy debts. But it is not for everyone. The following are some of the situations in which a person can or cannot file for Chapter 7 bankruptcy. If a person is having enough income to fund a Chapter 13 repayment plan then he/she is not eligible. The people whose debts come mainly from business are eligible for Chapter 7. If disabled veteran's debts were incurred on active duty then they are eligible for Chapter 7. If a person's income is less than or equal to the median income of his state then he is eligible...
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Creating a Bankruptcy Plan
2 pages (500 words)
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...Bankruptcy Plan Answer to Questions: a. What is the ratio of Chapter 7 to Chapter 11 filings for businesses? The ratio of cases of bankruptcy of Chapter 7 to Chapter 11 in the United States as of 2001 is 34 percent. The study of Flyn E, Bermant G. and Bakewell G. in 2002 stated that 960,944 cases were filed under Chapter 7 and only 33,700 cases were filed under Chapter 11.(Flynn, E., Bermant, G. & Bakewell, K., 2002). b. What is the typical time span for filing for Chapter 11, confirmation, and successful completion of the reorganization plan? A debtor may be qualified to apply for Chap. 11 bankruptcy after he received credit counseling from an authorized agency. A debtor is required... Creating a...
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Value. Bankruptcy. Investment Price
4 pages (1000 words)
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...Bankruptcy. Investment Price. Table of Contents Answer 2 4 Answer 3 6 References 9 Answer A company that is incapable of fulfilling its contractual obligations and fails to make the payments to its creditors generally files bankruptcy protection at the court. The system of bankruptcy is different in different parts of the world, due to the dissimilarity in the allocation of creditor rights. The UK bankruptcy system is considered to be creditor friendly, with a major inclination towards liquidation and conflict resolution. On the other hand, the US system is supposed to be more debtor-friendly, where the courts play a...
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Detroit and municipal bankruptcy
2 pages (500 words)
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...Bankruptcy: Detroit Introduction The municipal bankruptcy act was enacted in the year 1934 in order to provideprotection from creditors to the financially stressed counties. Under chapter 9, the provisions of the law enacted gives protection to the municipals as they negotiate plans to adjust their debts. The law effects its purpose by facilitating the extension of debt maturities, reducing principal interest and establishing means of attaining new loans to settle debts (Nollcamper & Heidi 600). Detroit has the largest population through the United States history. Considering the resource usage subject to the high level of population, bankruptcy would be a good course to pursue... . This...
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Bankruptcy of Businesses
19 pages (4750 words)
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...Bankruptcy of Businesses Bankruptcy of Businesses [Institute’s Table of Contents INTRODUCTION 3 BANKRUPTCY 4 BENEFITS AND CONSEQUENCES OF BANKRUPTCY 7 PSYCHOLOGY OF BUSINESSES FILING FOR BANKRUPTCY 9 CONSEQUENCES AND DRAWBACKS OF BANKRUPTCY 10 TYPES OF BANKRUPTCY 12 CAUSES OF BANKRUPTCY 13 HISTORY OF BANKRUPT BUSINESSES 16 AVOIDANCE OF BANKRUPTCY 18 REFERENCES 19 INTRODUCTION The main motive of businesses operating in the global business environment is to earn a profit or rather at least generate enough revenue to meet its costs. In order to facilitate their operations, many businesses are likely to take loans from banks, financing companies, or other investors and then use this cash... ?Running head:...
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American Airlines Bankruptcy
3 pages (750 words)
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...Bankruptcy American Airlines Inc. and its parent company AMR Corporation filed for bankruptcy on Tuesday, November 29, (CBS News, 2011a). The key purpose behind such a move was to achieve a cost and debt restructuring in order to maintain industry competitiveness and assure a long-term viability and sustainability by providing world class services to its customers. Causes for filing bankruptcy: The Airline Company had successfully been able to avoid bankruptcy till today, but was forced to do so in the wake of rising fuel prices; massive debt, loss of business travel customers to competitors, increasing labor costs and tough labor union negotiations (CNN Money, 2011; CBS News... American Airlines...
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United States Bankruptcy
4 pages (1000 words)
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...bankruptcy which can eliminate the debt and give the consumer a brand new start in life. Bankruptcy is defined as a person that has been legally declared insolvent due... Hard economic times are part of the human social life cycle which we all us go though at some point in time in our lifetime. Having some minor or even harsh monetary events might be normal, but not everyone handles the situation the same. When these occurrences happen people react to them in different ways and the solution chosen by the individuals to solve the situation may have long term consequences. In cases in which debt is the root of the economic problem, individual have an option provided the state’s legal system called...
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Bankruptcy of Enron Corp
4 pages (1000 words) , Download 1
...bankruptcy? Enron Corp. filed thebiggest case of bankruptcy in U.S history in December 2001 because of various unethical issues. Enron Corporation had taken pride in and strongly believed that that its personnel would take care of the rising risk without any consequences. The culture encouraged greed and centered on the amount of money that could be made for directors. For instance, Enron's compensation system appeared to be less apprehensive of generating income for its shareholders than with enriching the wealth of the company. The corporate culture at Enron reportedly promoted exploitation. The collapse of the company has shocked the entire... How did the corporate culture of Enron contribute to its...
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Debt Financing and Bankruptcy
3 pages (750 words)
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...bankruptcy Name of student Student number Institution Course Professor Date The company filed chapter 11 of the laws of bankruptcy. This chapter provides room for reorganization through corporation or partnership where a debtor formulate a reorganization plan to pay creditors over an extended period of time in order to ensure that business remains... Debt financing and...
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Personal Bankruptcy and Financial Literacy
14 pages (3500 words)
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...Bankruptcy and Financial literacy Introduction The deregulation of the economy has brought the countries closer. Most of the companies have become a global player. The development of the companies depends on the education of the rules and regulations of the global financial environment. The problems of the companies are compounded with the different types of rules and regulations of the different countries of the world. The strengths of the competitors are an important factor in the development of the companies. Finance is considered to be the lifeblood of the business and it is one of the major components in the structure and construction of the business. The management of the companies... Personal...
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EU and US Bankruptcy Law
20 pages (5000 words)
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...Bankruptcy Law Introduction Concrete systems of law conclude culturalvarieties of the societies in which they operate. For instance UK is considered to be creditor-friendly authority for it floats for mandatory commence insolvency that allows providers of finance to keep them aloof from the consequences of a debtor's collapse knows nothing of debtor in possession . This case is hardly astounding given the opaque concern of wellbeing of debtors in the UK. In the United States, on the contrary, the right of a debtor to restore itself has for eras been seen as greater to the right of a creditor to look for and obtain refund in full of what it is payable. The differing techniques... [The [The [The EU and US...
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Consequences of Lehman Brothers Bankruptcy
8 pages (2000 words)
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...bankruptcy at a certain time in their financial year. When a company is declared bankrupt, it can no longer invest in the stock exchange. The government declares the company insolvent. An example of such company is the Lehman Brothers, a housing and real estate company that went into bankruptcy in 2008. Below is a visual aid of the event that impacted the company to bankruptcy. This later had an impact on the company and as a result made the company declare it self bankrupt. Before we look at the effects that rose from Lehman Brothers declaring it self bankrupt, we have to consider also the things that brought about this. Market... since it can direct to unproductive bank runs. (Diamond and...
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Bankruptcy: A Legal Way Out
2 pages (500 words)
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...Bankruptcy: A Legal Way Out Bankruptcy is a legal way to discharge debt performed by preparing and filing a petition for bankruptcy in a federal bankruptcy court. Bankruptcy is a right that has been established by the United States Constitution with uniform laws which states have only a little control over. The three most common types of bankruptcy are Chapter 7, Chapter 13, and Chapter 11. A chapter 7 bankruptcy is performed when a debtor's assets are compiled and liquidated to pay creditors in order of priority. After the assets are divided among the creditors, the...
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Bankruptcy of Companies in Qatar
5 pages (1250 words)
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...Bankruptcy of Companies in Qatar Bankruptcy of Companies in Qatar The federal rules of Qatar provide a clear legalframework that governs the liquidation, reorganization and the bankruptcy of any insolvent individuals or companies. It is worth noting that the regime that governs the liquidation of companies in Qatar has remained untested for a long time. This is mainly due to lack of a major corporate insolvency. The uncertainty concerning the effects of the rules governing the legal liquidation of companies makes most corporate entities result to consensual reorganizations than face the uncertainties of lawful insolvency. Despite this,...
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An Overview of Chapter 7 Bankruptcy
2 pages (500 words)
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...Bankruptcy This essay will address the basic functions of a Chapter 7 bankruptcy and changes to Chapter 7 laws which make it more difficult to qualify for this type of bankruptcy. As a preliminary matter, "To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity" (Chapter 7 Liquidation: np). Thus, in general, this type of bankruptcy is available to both individuals and to businesses. In the past, it was relatively easy for individuals and these types of business entities to qualify for the liquidation process. This, however, has changed as a result of intensive lobbying... by creditor...
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History of Bankruptcy and Law Practices
8 pages (2000 words)
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...Bankruptcy: Introduction: Bankruptcy refers to the inability of a debtor to pay his creditors, there are two forms of bankruptcy and they include voluntary bankruptcy and involuntary bankruptcy. In voluntary bankruptcy a debtor declares his inability to pay his creditors, on the other hand involuntary bankruptcy involves creditors suing the debtor on failing to pay them. Recently the United States has experienced the largest bankruptcy case of the Lehman brothers' holdings which has over 636 billion dollars in assets, this is the largest case in US history...
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Company management.Tax policy, bankruptcy, start-up
3 pages (750 words) , Download 0
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...bankruptcy in business. I also had a family member that had to file a $135,000 bankruptcy because his business idea failed. He signed the big business loan giving his personal guaranteed which means that when he filed bankruptcy he had to so based on a personal bankruptcy. It has been 5 years since this occurred and my brother has still not recovered economically. His major is in accounting and finance. A few years ago when he when to some job fairs the recruiters told him that he should seek a new career because a bankruptcy in accounting is career suicide. Having a bankruptcy in accounting... The stage in which a company is at its life cycle influences the type of financial structure a firm uses. When ...
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WASHINGTON MUTUAL BANKRUPTCY CLASS ACTION LAWSUIT
4 pages (1000 words)
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...BANKRUPTCY ACTION LAWSUIT One of the largest bank collapses in United s history happened in the fall of 2008. In the last financial quarter ending prior to the takeover, June 30, Washington Mutual Bank (WaMu) had assets of over three hundred billion dollars. Yet in spite of this, the bank and its parent company suffered a credit downgrade, which prompted a “run” in which depositors pulled out $17 billion in ten days. Due to this, on September 25, the Government seized the assets of the bank. Coming less than sixty days after the famous IndyMac collapse and hot on the heels of Lehman Brothers fiasco, the Federal Deposit Insurance Corporation (FDIC) was already staggering... with billions of...
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Is Thai Airways going to bankruptcy
10 pages (2500 words)
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...Bankruptcy? due: Is Thai Airways Going to Bankruptcy? The foundation of Thai Airways can be traced back to 1960, when the Thai government realized the lucrativeness of air travel. The government undertook a conjoined investment alongside Thai Air Company (TAC), a Thailand domestic air carrier, and the Scandinavian Airlines System (SAS) to form Thai Airways International. The investment was introduced in the capital market with SAS owning 30%, while TAC owned the rest. The venture was fully owned by TAC on March 30, 1977, when SAS transferred its shares to the venture’s partner. The ministry of finance would take up shares with the business, beginning April 1, 1988... by various entities in...
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Week 10 Bankruptcy Ind Wrk 2
1 pages (250 words)
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...bankruptcy laws, and it does so by establishing the office of the trustee. Chapter seven, of title 11 of the American Bankruptcy code explains the roles of a trustee in managing the funds and properties of the debtor. According to the chapter, a trustee has the duty to collect all non-exempt property of a debtor, sale them, and thereafter manage the funds accumulated from the sale of these properties, for purposes of settling... of Attorney: 08/03 Tel Phone Contact: Email Address: The Bottomlines: 08/03/2013: Tel Phone Contact: Email Address: Ref: TRUSTEES: This is a letter to notify you on the impact of your trustee leaving your property. The 2005 act of BAPCPA prevents an abuse of bankrupt...
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WASHINGTON MUTUAL BANKRUPTCY CLASS ACTION LAWSUIT
4 pages (1000 words)
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...BANKRUPTCY ACTION LAWSUIT One of the largest bank collapses in United s history happened in the fall of 2008. In the last financial quarter ending prior to the takeover, June 30, Washington Mutual Bank (WaMu) had assets of over three hundred billion dollars. Yet in spite of this, the bank and its parent company suffered a credit downgrade, which prompted a “run” in which depositors pulled out $17 billion in ten days. Due to this, on September 25, the Government seized the assets of the bank. Coming less than sixty days after the famous IndyMac collapse and hot on the heels of Lehman Brothers fiasco, the Federal Deposit Insurance Corporation (FDIC) was already staggering... with billions of...
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Considering Cases Of Bankruptcy And Reorganisation Of A Partnership
5 pages (1250 words)
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...BANKRUPTCY AND REORGANISATION OF A PARTNERSHIP Personal Legal Perspectives UNIT 5 IP Personal Legal Perspectives UNIT 5 IP Question One Explaining whether the petition for involuntary bankruptcy should be granted Beren, Elliot and Mannino formed a general partnership with an aim of purchasing and renovating an office building in Harrisburg, Pennsylvania. They had borrowed more than $200,000 from a bank for purchasing and renovating the building. These expenses exceeded they estimates in that disagreement arose among the partners on whether they should seek additional funds. Beren was for seeking additional funds while Elliot and Mannino were opposed... to this issue. Disagreement arose...
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The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act
3 pages (750 words)
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...Bankruptcy Abuse Prevention and Consumer Protection Act According to Resnick and Sommer (2005) the Bankruptcy Abuse Prevention and Consumer protection Act (BAPCPA) was formed in 2005 following a very high rate of bankruptcy of banks and credit card companies. This law was then enacted to control enhance responsibility by banks and credit card companies and ensure high level of integrity in the system of the bankruptcy of various institutions. This therefore was to make it difficult for people to get bankruptcy reliefs and ensured first that they are able to pay their debts. Other provisions of this Act on its establishment include financial contracts, taxes, health care and benefits... The 2005...
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Changing the Requiring for Filing for Chapter 7 Bankruptcy
4 pages (1000 words)
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...Bankruptcy People with jobs should not have any trouble paying their bills as long as they stay within their budget and do not neglect to pay. However, occasionally an employed person runs into some financial problems. Perhaps they are diagnosed with an illness that requires extensive treatment. Then they have medical bills to pay. Even if they have insurance, it can add up to a lot of unexpected expense. Not only that, it may be difficult to work while ill or while undergoing treatment. Sometimes it is enough to push a person to the brink of financial disaster. At one time a person could seek Chapter 7 bankruptcy protection and discharge... ?562514 Changing the "Requiring for filing" for Chapter 7...
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Apple's climb back from the depths of bankruptcy
3 pages (750 words)
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...bankruptcy, which marketing mix factors were most helpful for the Apple's recovery. In order for Apple to climb back from the depths of the bankruptcy, the marketing manager must should have studied the wants and needs of their customers or the market and large and then come up with a marketing strategy that is appropriate using marketing mix. Due to the fact that other companies in the industry slashed their prices and adopted a single Microsoft's platforms, Apple reduced their prices reluctantly. Whereas the other firms' market share increased, Apple market shares and sales dropped drastically against their expectations... Write an analysis of Apple's climb back from the depths of bankruptcy, which ...
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Negotiable Instruments and Bankruptcy - Secured loan in Saudi Arabia
4 pages (1000 words)
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...bankruptcy of Secured debt refers to the debt backed or secured by collateral with an aim of reducing the risk allied with lending. A guarantor is a person or entity that agrees to stand in and take responsibility for another’s debt under a contract. This essay intends to examine mortgage as a means of debt and how it is guaranteed. As a point of departure, it is possible to secure a debt in Saudi Arabia and individuals or companies such as the India Mortgage Guarantee Corporation (IMGC) can guarantee the debts. Saudi Arabia appreciates suretyship from individuals or companies to reduce the liability of the debt. Most importantly, according to the law guiding commercial... ? Negotiable instruments and...
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Critically discuss how ratio analysis can help in the prediction of bankruptcy
1 pages (250 words)
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...bankruptcy Financial ratio analysis is recognized to be one of the easiest and most spread techniques used for detection of company’s operating and financial problems or difficulties. Thus, with the development of quantitative measures of company performance, financial ratio analysis was used in a bankruptcy-prediction context (Altman, 1968). Many financial ratios were integrated into professional statistical and intelligent techniques as variables for assessing the company’s financial health (Kumar & Ravi, 2006). Especially popular multivariate techniques built on the basis of financial ratios and used for predicting company’s... Critically discuss how ratio analysis can help in the prediction of...
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Discuss critically the central aspect of the US Chapter 11 model of corporate bankruptcy and reorganisation
17 pages (4250 words)
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...Bankruptcy and Reorganisation. Inserts His/Her Inserts Grade Customer Inserts Tutor’s Name 11 April 2012 INTRODUCTION Chapter 11 Bankruptcy law and reorgnisation law offers a bankrupt company another lease on life under strict legal requirements. The research centers on the responsibility of the debtors in a Chapter 11 bankruptcy and reorgnisation process. The research deals with the required acts of the creditors in a Chapter 11 Bankruptcy and reorgnisation proceeding. The main purpose of the essay is to show convincing evidence that the Chapter 11 Bankruptcy and reorgnisation law can successfully breath new revenue-enhancing life to once... ? Central aspect of the US Chapter 11 Model of Corporate...
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International Business Analysis. Financial Crisis of 2007-2010. Bankruptcy of Lehman Brothers
20 pages (5000 words)
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...Bankruptcy of Lehman Brothers 15 How the Reasons Behind the Collapse of Lehman Brothers Could Have Been Avoided 21 23 References 24 Bibliography 29 Part A Overview In the year 2007, numerous important and prominent banks both in Europe and in the United States (US) witnessed a sharp decline with regard to their respective securities which were mortgage-backed in nature. The banks themselves were supposed to be in charge for packaging the specified category of securities. These particular... ?International Business Analysis Table of Contents International Business Analysis Table of Contents 2 Part A 3 Overview 3 The Crisis 5 Causes of the Financial Crisis of 2007-2010 7 Part B 15 The Reasons Behind the...
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World of Business. Delta airlines and Northwest airlines Merger, Eastman Kodak Bankruptcy,Digitalization, Kodak Reorganization
9 pages (2250 words)
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...bankruptcy? Eastman Kodak Bankruptcy Kodak Company which was one of the iconic American companies saddened many people worldwide when it surprisingly applied for bankruptcy making it ranks as the top local business news. Most people blamed the universal technological trends which gulped up retailers, publisher and other great and small industries on Kodak’s decline... World of Business Trace the growth of a specific organization through merger and/or acquisition. Explain some of the rational for each merger/acquisition; describe any economies of scale realized? Delta airlines and Northwest airlines Merger Delta and Northwest airlines merger is one of the greatest mergers in the airline industry creating ...
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Bankruptcy of WorldCom
6 pages (1500 words)
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...WORLDCOM The concept of evolution of WorldCom as a company happened in the year 1983 in Mississippi. The person behind this evolution is Bill Fields. He named the company as Long Distance Discount Services (LDDS). After some years the company was renamed as WorldCom. Since then the company grew step by step and transformed itself as a giant in the telecommunication world. The company is famous for its acquisitions of a number of small companies. The company landed in stage where no further large scale acquisitions were allowed by the US government. It was at this point the company began drifting. Political behavior is something which is self-serving in nature and is not at all... The concept of...
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Were agency problems responsible for the bankruptcy of Lehman brothers in 2008
41 pages (10250 words)
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...BANKRUPTCY OF LEHMAN BROTHERS IN 2008? Table of Contents Table of Contents 2 CHAPTER I: Introduction 5 1Rationale of the Study 8 1.2 Aims and Objectives of the Study 9 1.3 Problem Statement 10 1.4 Research Questions 10 CHAPTER II: Literature Review 10 2.1 Agency Theory and Problems Associated with it 11 2.1.1 Agency Problems 14 2.2 Subprime Mortgage Crisis 17 2.3 Lehman Brothers – Causes of Failure 18 2.3.1 Repo 105 Transactions 20 2.3.2 Utilization of Repo 105 by Lehman Brothers 21 2.3.3 Sarbanes-Oxley Act and Lehman Brothers 22 2.3.4 Complex Structure 23 2.3.5 Risk Management Issues 24 2.3.6 Valuation Issues 24 2.4 Summary 25 CHAPTER 3 Research Methodology... ? WERE AGENCY PROBLEMS RESPONSIBLE FOR THE...
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Annotated Bibliography
5 pages (1250 words)
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...bankruptcy. Journal of Finance 23 (4), 589-609. This article focuses on corporate bankruptcy, how it has evolved historically, and the factor models that have been used to predict it over time. The article analyses how corporate bankruptcy was traditionally assessed and predicted through ratio analysis, and how the practice have changed over time to encompass other complex but more accurate and reliable models. The article canters its study on the evaluation of the weaknesses associated with ratio analysis as an analytical technique for determining business... performance. Consequently, the article assesses how better a business is placed to meet its financial obligations, while citing the...
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Topic Developement 3
4 pages (1000 words)
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...Bankruptcy refers to the state of an entity being unable to repay the debts it owes to others (Ekvall & Smiley, 2007). This state is declared by a court, following the initiative of a debtor. This study seeks to carry out an analysis on the history of bankrupt companies, with a focus to understanding what are the factors that contributes to the bankruptcy of a company, and what are the legal procedures applicable in declaring a company bankrupt. Therefore, this study will attempt to answer the following questions: i. What is the legal definition of bankruptcy and what are the causes and consequences of bankruptcy? ii... ? History of bankrupt companies Grade (21st, Nov. History of bankrupt companies...
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Article Summary and Reaction Paper
1 pages (250 words)
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...Bankruptcy Summary of the Case Andrew Bender writes in his article in the Forbes Magazine that AMR Corporation, which is the founding company of American Eagle and American Airlines, filed for the protection of bankruptcy (Bender, 2011). Filing for protection of bankruptcy implies that the company seeks the court to protect it from its creditors for the period that it will be able to manage its financial status. The author notes that several stakeholders will be affected by the case including travelers. However, the article indicated that such a move does not mean that the company would soon come to a halt. There were attempts... Article Summary and Reaction American Airlines Files for Protection for...
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International Legal and Ethical Issues in Business DB Week 2
1 pages (250 words)
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...bankruptcy? Filing chapter 7 bankruptcies can resolve overwhelming debt issue but there are certain conditions to file the bankruptcy. Not everyone is eligible to file for this, and therefore every person who wants to file for it must meet the requirements below: Current monthly income is measured against median income for a family of size relating to state standards. If the income is less than or equal to the median, then he or she can file for chapter 7. Reasons people file bankruptcy Bankruptcy is a course that let people who are no longer able to pay their debt requirements a means to sort out or revive... their financial life. The following are reasons for filing: Medical...
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General Motors
2 pages (500 words)
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...bankruptcy proceedings in its endeavors during the 2009-2010 fiscal years owing to the strong negative effects of the global economic downturn on automobile sales. Undoubtedly, such negative effects hampered the share market of GM to a substantial extent being many of its large brands, including Chevrolet as well as Cadillac, and many of its prime subsidiaries sold out. Subsequent to its bankruptcy position, GM and its three associate companies trailed voluntary petitions for assistance under Title 11 of the United States of Bankruptcy code... General Motors Background of the Issue General Motor Company (GM) is an American multinational automobile manufacturer and retailer. This company had undergone...
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Financial Management Discussion Week 10
1 pages (250 words)
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...Bankruptcy systems can only lead to partial mitigation of the coordination problems prevailing between the creditors. Often the creditors engage in the activities called leapfrogging in which they put themselves ahead of other creditors in spite of the existence of the bankruptcy systems (Jackson, 2001). This may increase the payout of the creditors in bankruptcy. Another criticism is that the creditors and the debtors can renegotiate the loan or debt contracts through the use of voluntary debt reconstruction. These criticisms can be addressed by setting a trigger for evaluating bankruptcy levels. Financial reorganization can help to manage the business... Financial Management Discussion Week 10...
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Thinking Cross-Discipline 3
2 pages (500 words)
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...bankruptcy and the legal procedures involved. Law, being a highly technical subject area, I decided I would limit my exploration of this aspect of my topic just to the bare minimum necessity, and to some simple definitions. Thus, I defined bankruptcy and gave some basic general information about its causes and consequences. After this, I had to explore the chronological evolution of bankruptcy... Within my topic area, I had to deal with different disciplines like history, business and psychology. Establishing a perfectly balanced connection among the three was what would make my work complete and comprehensive. While discussing the history of bankrupt companies, I cannot ignore the legal definition of...
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