What Is Bankruptcy?

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested or initiated by the bankrupt individual or organization, or it can be requested by creditors in an effort to recoup a portion of what they are owed. However, in the overwhelming majority of cases, the bankruptcy is initiated by the "bankrupt" individual or organization. (see Legal Kits)

What is Bankruptcy Best Sellers from Amazon.com

Distressed Debt Analysis: Strategies for Speculative Investors
by Stephen G. Moyer
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Customer Review: If you are looking at distressed assets (not just debt) of any kind, this is the only book you need.

All bases are covered, from legal proceedings, financial statement analysis, to market micro-structure.

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Debt Cures 'They' Don't Want You to Know About
by Kevin Trudeau
Amazon Price:
Customer Review: Debt Cures "They" Don't Want You to Know About I have always been happy with anything I purchased from Amazon. They are fast and efficient. While I have not read the book yet, I am sure it is exactly what I was looking for. I am very satisfied with...

The New Bankruptcy: Will It Work for You? (2nd edition)
by Stephen Elias
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Customer Review: The second edition of THE NEW BANKRUPTCY: WILL IT WORK FOR YOU is a key acquisition for any public or school library specializing in personal legal aids. It covers the newly re-done bankruptcy laws that have been in place for a year now, offering ins...

Going Broke: Why Americans Can't Hold On To Their Money
by Stuart Vyse
Amazon Price: $24.95
Customer Review: Heavily researched and well written personal finance book. Very good for those who dont have a clue about the subliminal ads and other money traps. I supose many people are tricked into all that stuff due to the broken financial aspects of many li...

How to File for Chapter 7 Bankruptcy
by Stephen Elias, Albin Renauer, Robin Leonard
Amazon Price: $19.49
Customer Review: I'm surprised on the great quality. Nice packaging and fast delievery helped allowed me to get right to work. Thank you.


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What is Bankruptcy News

• American LaFrance Moves Ahead On Bankruptcy Plan The Buffalo News
Fire truck manufacturer American LaFrances bankruptcy reorganization plan won the approval of the companys creditors, clearing the way for the firm to emerge from bankruptcy next month.
• Steakhouse Chain Seeks Bankruptcy, Cites Corn Price Jump San Jose Mercury News
Steakhouse Partners, operator of 21 steakhouses in California and the Midwest, filed for bankruptcy, citing a rise in corn fed beef costs stemming from grain price increases.
• Is XRite Headed Into Bankruptcy Court The Muskegon Chronicle
KENTWOOD Is X Rite Inc., the once fast growing poster child for high tech business expansion in West Michigan, headed to bankruptcy court
• How To Keep Your Home And Avoid Bankruptcy Pitfalls TheStreet.com
These traps can worsen your financial situation even if you clear bankruptcy.
• Bankruptcy Court Authorizes Sharper Image Sale AP Via Yahoo Finance
Sharper Image Corp. said Friday a Delaware bankruptcy court authorized the specialty retailer to sell all its assets to an investment group for about 51.3 million at auction on May 28.

IMPORTANT NOTICE: The information provided by FactsOfLaw.com does not constitute legal advice or any other type of advice and is provided for educational purposes only without warranty of any kind. FactsOfLaw.com has not reviewed the information on this page for accuracy and is not responsible for any errors, omissions or inaccuracies.  For legal advice you should consult a licensed attorney. Source: wikipedia.org