Burt and Associates

JANUARY 17, 2025

Sell Non-Essential Assets: Liquidate surplus or underutilized assets to generate immediate cash flow. Optimize Accounts Receivable: Regularly review outstanding invoices and implement collection strategies for overdue accounts.

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Roths Child Law

JULY 12, 2023

What is liquidation bankruptcy? Liquidation bankruptcy is another name for Chapter 7 bankruptcy. What this means is that people who file for Chapter 7 bankruptcy may have their assets liquidated to appease creditors. However, only non-exempt assets are liquidated and this process rarely happens.

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Hudson Weir

MAY 10, 2024

If the company has no money or assets to pay for the CVL, directors might consider options such as personal contributions, selling company assets, or negotiating a payment plan with the insolvency practitioner. No asset liquidations A ‘no asset’ liquidation is for companies with no significant assets.

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Hudson Weir

OCTOBER 10, 2023

During receivership, a creditor – such as a bank or another financial institution – appoints a person to ‘receive’ the company’s assets, liquidate them and recoup the debt. Receivership The third part of the legislation covers receivership. Here is our full guide to receivership.

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Taurus Collect

MARCH 5, 2024

Legal Consequences: Besides the standard legal actions that can be taken against individuals, businesses might face additional legal ramifications that can escalate to the level of business asset liquidation or bankruptcy. Preventative Measures The best way to handle debt collectors is to never have to deal with them at all.

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Debt Free Colorado

JANUARY 20, 2024

But it can involve asset liquidation, and the discharge is independent of such sales. Quick Summary: Healthcare-related debts such as medical bills become dischargeable through bankruptcy (Chapter 7 and 13). Chapter 7 offers discharge for eligible medical bills. This results in quick resolution and potential credit score improvement.

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Sawin & Shea

SEPTEMBER 27, 2023

This may include: Pension, retirement, or IRA accounts Police and firefighter pension fund Public employee retirement Indiana State Teachers’ Retirement fund benefits These are just a few of the exemptions that Indiana state bankruptcy laws allow you to protect if you are filing for Chapter 7 bankruptcy and facing asset liquidation.

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