Make Bankruptcy Less Painful By Hiring The Right Bankruptcy Lawyer

The United Kingdom treats insolvent companies differently and will normally put the company into liquidation

. There is also provision that allows the directors and the shareholders of the company to initiate liquidation process without involving the courts of law. In the US, there is the Uniform Commercial Code which considers a person to be insolvent when they have ceased to pay their debts in the ordinary course of business or who are unable to pay off their debts that become due.

Make Bankruptcy Less Painful By Hiring The Right Bankruptcy Lawyer

By: Stewart Wrighter

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