Bankruptcy fraud is motivated by the fact that assets, will be taken from a bankrupt/ insolvent person and given to someone else. Bankruptcy fraud is a growing concern among bankruptcy professionals, especially now that bankruptcy (corporate and individual) is on the increase.
Bankruptcy which is the legal process that allows a debtor to either work out [...]
Apart from other bankruptcy alternatives, a person choked in debt can use the services of IVAs (independent voluntary agreements) to restructure his or her debt. This can be done through the service of IPs (insolvency practitioners), make sure the IP you intend to contract is a registered IP.
Anyone with an unsecured debt that is over [...]
Homestead is a legal term used to mean your primary residential place/ property. Note that I said a legal term. Yes, this distinction is important as your English dictionary may give a misleading definition. The word residential is very important in the explanation of the term homestead. This presupposes that commercial and investment properties are [...]
Accountants are increasingly playing more significant role in bankruptcy matter. Accountants advise their corporate clients on the best chapter of bankruptcy to file for. Also, accountants that spread their tentacles into fraud examination act as one of the professionals that get involved in bankruptcy fraud proceedings in the bankruptcy competent court of law.
Opportunities for accountants [...]