Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Financial Company Bankruptcies: Need to Further Consider Proposals' Impact on Systemic Risk

Financial Company Bankruptcies: Need to Further Consider Proposals' Impact on Systemic Risk

Government Accountability Office

Paperback

General Reference

ISBN10: 1503201279
ISBN13: 9781503201279
Publisher: Createspace
Published: Dec 31 2014
Pages: 74
Weight: 0.43
Height: 0.15 Width: 8.50 Depth: 11.02
Language: English
Bankruptcy is a federal court procedure conducted under the Code. The goals of bankruptcy are to give individuals and businesses a fresh start by eliminating or restructuring debts they cannot fully repay and help creditors receive some payment in an equitable manner. The filing of a voluntary bankruptcy petition operates as an automatic stay that generally stops lawsuits, foreclosures, and most other collection activities against the debtor, allowing the debtor time to eliminate or restructure its debts. In bankruptcy, equitable treatment of creditors means that all creditors with substantially similar claims shall be classified similarly and receive the same treatment.

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