Circuit City Liquidation

Circuit City liquidators are taking their time issuing deep discounts, but sooner or later it will happen.

Retailer Circuit City is seeking to liquidate its assets after negotiations with prospective buyers fell through. The failure of Circuit City is yet another indication of how deep a hole the American economy has fallen into.

It's scary being in a tough financial scenario. Staring against the face of bankruptcy can make it even more frightening, especially since the average business or person doesn't seem to be aware of the legal processes of bankruptcy.

You may move to a new address -- even one in another state or city -- after you have declared bankruptcy and while the proceedings are underway.

U.S. bankruptcy law at the time of this writing provides for a "proof of claim" to be filed by creditors in a bankruptcy case.

The system of personal and corporate bankruptcy in Australia has been established over a long time in the various acts at federal level which govern this area of the law.

With the enormous increase in people filing for bankruptcy, have Americans lost their sense of shame?

Bankruptcy is last major of anyone to avoid financial hardships. Many times bankruptcy is forced upon you may be due to factors beyond your control like huge medical bills. Is bankruptcy so bad?

Most people honestly want to pay their bills, but sometimes things happen that make it impossible.

Use basic accounting principles to get you out of debt. This information has been out there for decades but, we tend to stray from it.

Is filing for Bankruptcy something you really want to do? Probably not! In fact, bankruptcy should always be considered a last resort. Before choosing bankruptcy as an option, be sure to first do all you can to work things out with your creditors.

The basics of Chapter 11 bankruptcy; how to file, where to file, when to file and more.

In very simple terms, corporate bankruptcy happens when a company loses cash or is in some kind of liability.