Bankruptcy

Article Abstract:

Chapter Eleven of the new Bankruptcy Code is a way of giving floundering businesses an opportunity to reorganize, rather than liquidate. In 1981, bankruptcy petitons are rising, up 74.5 per cent in the last year, and if the economy does not greatly improve, it will be a real test to see if Chapter Eleven can save companies. Meanwhile, Chapter Thirteen, for those whose debts are less than $100,000, is not proving to be an efficient program. It seems to be letting people avoid their debts. A technical amendments bill is before Congress. It would tighten up the entire Bankrupttcy Code.

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Coping When A Customer Goes Bankrupt

Article Abstract:

There are many ways to obtain owed payment from a customer who claims bankruptcy. It is important to understand the laws under the Federal Bankruptcy Act. Different strategies are appropriate for a company that files Chapter 7, 9, or 13. It is prudent to attend creditor meetings and court hearings to stay abreast of the potential for repayment.

United States

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Mexico's new bankruptcy law working well

Article Abstract:

Mexico's new bankruptcy law emphasizes mediation between debtor and creditor, provides a more efficient resolution to insolvency and enables more predictable outcomes for insolvency proceedings.

Mexico, Laws, regulations and rules

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