Bankruptcy Essays

Benefits and Negatives of Bankruptcy

Bankruptcy is briefly defined as a process in which debtor obtains relief from his/her debts through the court. The relief varies in form and it includes full partial discharge of the debt or the nuisance of an imbursement plan consistent with the debtor’s financial means. (Larson, 2000) Types of bankruptcy vary according to its function. One of the most common types of bankruptcy is “Chapter 7” or “Straight Bankruptcy” or “Liquidation. ” This is also known as Personal Bankruptcy. Another…

Read >>

Layoff and Strategic Downsizing Decisions

INTRUDUCTION Downsizing is a permanent reduction of workforce through layoffs and other means. Organizations usually downsize to save payroll costs and prevent bankruptcy during tight economic conditions. Downsizing, when done right, makes the organization more efficient, lean, and mean .On the other side, a faulty approach to downsizing can cause the organization to run the risk of losing key talent and intellectual capital, and becoming dysfunctional by breakdown of hierarchies and systems. The criteria adopted for who stays and who…

Read >>

How to Read Literature Like a Professor Chapter Analysis

Chapter 1: Every Trip Is a Quest (Except When It’s Not) In Chapter 1 the author explains the symbolic reasoning of why a character takes a trip. They don’t just take a trip they take a quest. Structurally a quest has a quester, a place to go, a stated reason to go there, challenges and trials en route, and a reason to go there. Quests usually involve characters such as a knight, a dangerous road, a Holy Grail, a dragon,…

Read >>

Relationship Between Father and Son

Father and son relationships in The Iliad are not like you would see in America or in our culture today, but there is still a developed love for one another. Priam and Hector had a very strong and admirable relationship, yet it didn’t come from seeing each other every day. Fatherly affection is not touchy-feely, nor is it necessarily given unconditionally or freely. Rather, a son must earn his father’s respect and admiration, and it is by leaving home and…

Read >>

Take Home Exam

2. “The decision in IATA v Ansett Australia Holdings (2008) 82 ALJR 419; [2008] HCA 3 allows contracting parties to ignore the effect of the pari passu rule to the detriment of general creditors”. Discuss and examine the reasoning in the case. One of the principle aims of insolvency law is to provide an equal, fair and orderly procedure in handling the affairs of insolvents ensuring that creditors receive an equal and equitable distribution of the assets of the debtor….

Read >>

_lessons from Lehman Brothers_ Will We Ever Learn__

?”Greed” and “Crooks” are a sampling of comments recorded on a rendering of Lehman’s chief executive Richard Fuld by artist Geoffrey Raymond, who placed his painting outside of Lehman’s New York City offices and handed out markers to employees and pedestrians so they could write a message regarding the firm’s announcement that it was filing for bankruptcy. On September 15, 2008, financial services firm Lehman Brothers filed for bankruptcy with the U. S. Bankruptcy Court in the Southern District of…

Read >>

Personal Legal Perspectives

Bankruptcy is a situation whereby a person or a partnership or a company borrows more funds from a bank than what it has in their bank accounts, and thereafter fails to repay the debt due to insufficient funds in their accounts or disagreements. The insolvents fail to pay the debts and therefore result into morality of bankruptcy (Jensen, Macklin, 1998, p. 367). Bankruptcies severely results to hurt creditors and society. Therefore this leads to formulation of law and moral aspects…

Read >>

Notes for Each Chapter in Tomorrow When the War Began

a) SUMMARY Chapter four is about them in felt “Hell” a snake goes into Homers Sleeping bag, they try to get it out and they get scared and drop the sleeping bag the snake slither out and straight into the bush. There is a part about where a “V shaped” planes go over and they had the lights switched off on the plane so no-one could see them fly over, but they could smell the jet fuel. Right through the…

Read >>

All Chapters of Summary of the Village by the Sea

Summary Chapter 1: In the first chapter of “the village by the sea”, the author introduces the characters and their lives. The eldest sister of this family is Lila, the protagonist with her two younger sisters Bela and Kamal and also their brother Hari. Unfortunately, their mother is very sick and weak and their father is a drunkard. The family is very poor, so to pay their debts, their father was obliged to sold his fishing boat and the cow….

Read >>

The Absolutely True Diary About a Parttime Indian

Chapter 4: Because geometry is not a country somewhere near France Arnold went to high school for the first time. He thinks his sister is good at ruining things. She didn’t do anything after high school, kind of sad. He thinks she’s pretty, but crazy and random. She’s called Mary Run Away. Arnold is worried that Rowdy will hang around with older children and leave him behind or hate him. Arnold was sitting in the classroom of Wellpinit High School…

Read >>

The Day of the Triffids Study Guide

After missing an historic ‘meteor shower’ due having his eyes bandaged in hospital, Bill Masen wakes to discover that the world is in a state of disarray. It is clear that the so called meteor shower has left all who saw it blind. The author hints that there is more carnage to come with the use of foreshadowing. “It is not easy to think oneself back to the outlook of those days…there was so much routine…and all the more disturbing,…

Read >>