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Introduction to the bankruptcy

In this PPT we describe the bankruptcy and goal of it. We also describe the benefit of the bankruptcy and protection right of it.

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Introduction to the bankruptcy

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  1. Introduction To The Bankruptcy

  2. What is bankruptcy Bankruptcyisthe federal courtprocessthat can helpyoutoeliminate legal responsibilityformany of yourdebtsorrepaythemunderprotection of bankruptcycourt. Thislawofferpeople in seriousdebt a waytofinancialfreshstart. Itisthelastreportthathavelongtermnagativeimpact. Bankruptcyistheconstitutionalright in the US. Constitutionalbelivedthatpeoplebelivedthatfinancialdistressshouldhaveabletohavethefreststart.

  3. Bankruptcy Has Two Goal In themoderndaybankruptcycodeisdesignedto relieve thehonestbutunfortunatedebtorof its indebtedness so that the debtor can make an economicfreshstart. Bankruptcycodeisdesignedto base all of thedebtor’spropertyunderthe control of thecourt and itisequallydistributedamongallcreditors.

  4. Bankruptcy Court Is The Court Of Equity Apartfromothercourtthisbankruptcycourtisnotthecourt of lawbutcourt of equity. In thecourt of equity “theright” don’talwaysprevail. You can consultwithbankruptcyattorneync.

  5. Benefits Of Bankruptcy A collectiveprocess reduce thecostassociatedmonitoringthedebtortoprotectcreditorfromracetothecourthouse. Interestedparites are benefitedbyadministrativeefficiencies. A collectiveprocessislikelytoincreasetheaggregate pool of assetbyprohibitingliquidition of debtorasset.

  6. Bankruptcy Protection Right Theprotection of thebankruptcyisnotthe fundamental right. There is no constitutional right to obtain a discharge of one's debts in bankruptcy. Who qualify then it became the statutory right.

  7. Contact Us 1200 East Morehead, Suite 140 Charlotte, NC 28204 T: 704-461-1883 F: 704-233-3715 http://www.maxwelllegal.com

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