In the simplest terms, liquidation is the dissolution of a company. Its assets are liquidated (sold off) and distributed to its debtors.Usually a company is not going to liquidate when it is in a healthy financial situation, though solvent companies do choose to liquidate under certain circumstances. Company liquidation takes two broad forms. The first is called Voluntary Liquidation. In this instance, either the company directors or the...more
Debt settlement is introduced as an alternative for bankruptcy to eliminate unsecured liabilities. Because bankruptcy had so many disadvantages, so there was a dire need for replacement options which would have less affects then bankruptcy. Debt settlement is basically a mutual discussion between the borrowers and the lenders to settle the debts for less than they owe. There are many valid reasons for it on which a consumer can easily negotiate,...more
There are a large number of Americans who are deeply stuck in the credit card debts. Credit cards are useful for many applications but people have to realize that it has some very severe disadvantages. When the creditor's accounts are defaulting they have the full authority to sign a lawsuit against you. If the creditors win the cash, there are chances of wage garnishment or property seizure. When you are unable to pay credit card bills your credit report gets blemished.Most Americas wouldn't have come to know this if the recession didn't hit the economy. Now millions of people are facing this problem and are filing for bankruptcy. As more and more people were filing for bankruptcy, the financial industry was also facing some major problems. So to ease the situation there are other alternatives introduced so that everyone can help themselves and get back on tract.Besides bankruptcy, the other options available are debt consolidation or credit counseling which is also popular with the name of debt settlement. Debt settlement is considered to be the first and best way to get free from unsecured liabilities. Bankruptcy on the other hand is least favored in front of it because it is a...more
Author: Jumping Spider MediaThe world of transport security has long realised the potential of the Zenloc Container Security Alarm System (http://www.zenloc.com) when it comes to protecting against the massive losses the freight industry suffers each and every year as well as protecting the drivers themselves. But now, a new benefit of this...more
The world is reeling under the pressure of the present economic slow down and we can only witness and watch in silence, simply because there are no solutions to tide over the downturn. Most companies that were doing good business a year and a half ago werent even close to imagining even something closer to the real economic situation we are faced...more
Those of us who witnessed the surge and growth of UAE over the past decade in the economic and the social front are all praise of the dynamic sheik and ruler of Dubai, who is also the reason of envy for many a state ruler. The dream to build a city on par with New York or London and to forge an identity for the UAE as a major international player in trade will take more time to be realized. Dubais state-owned investment company Dubai World which launched some of the most talked about construction and development projects in the world, including the Palm islands has taken a fall. Indicators also point that another state-owned property developer, Nakheel and Emaar, were following the Dubai World to insolvency. The billions borrowed from European and American banks lays buried in the sands and dust of Dubai with not much chance of repayment today. And the Dubai that was rising up like Babel is going through the worst period of forced liquidations in its economic history. The biggest hurdle faced by every company based or in operation in Dubai is the drastic decline in cash flow. The banks operational in Dubai, foreign as well as the local banks have cut down their lending and put the...more
Debt settlement is the solution to the problem which today almost every American citizen is dealing with. Roughly everyone is sinking in unsecured liabilities because they are getting endless. At times when people are facing the worst economy...more
If you want to eliminate your unsecured debt, get a professional settlement company to do the job for you. At present, countless people living in the United States have a problem due to unpaid credit card bills. They have spent money which they are...more
Nowadays, instant loans are considered as one of the best financial solutions for wiping-off your immediate cash requirements. The urgent expenses that crop up in the mid of month and are essential to be met like car need immediate repair, education...more
Author: Michael Golbraich Are you sick and tired of computer errors? there's actually a simple answer which will let you quickly repair an error using Reg Cure even though you have no more than a poor grasp of your computer's inner workings....more
Author: Neil JacksonDavid Bocock has created a step-by-step guide for the novice to making money online that walks you through the process of finding a product, writing an article on that product, publishing your article, and finally marketing the...more
When people see strange expenses coming close to them, they like to avail payday cash loans that are easy, fast and hassle-free monetary assistance. These loans are offered for working people who are working in any company. In other words, you can...more