Posts Tagged ‘bankruptcy’
Five Decisions that can Lead to Bankruptcy
Five decisions that can lead to bankruptcy:
1 .- Do not be how to deal with extraordinary medical expenses. The costs of prolonged or serious illness or accident, can lead to greater commitments to the payment of any opportunities, and unable to fulfill them having to qualify for bankruptcy.
The most practical solution is to obtain health insurance or medical services. Now there are many plans you need to know your bank and finding out the nearest health centers.
2 .- Do not have an emergency fund to deal with job loss. This is one of the most frequent mistakes that lead to bankruptcy. Not only have to have money saved to live six months without work, but you need to prepare a spending plan or budget for when you have income and another with changing financial circumstances.
A very powerful reason that can lead to either a bankruptcy is “not changing spending patterns change quickly when patterns of income is unemployment, illness or disasters.
3 .- overspending and using credit without limit. Today it is very easy to spend and borrow at the ease with which you can access cash. Banks are expanding their campaign of personal loans. Now it’s easy to have borrowed money to pay high interest then we are not able to cover.
Posted in Bankruptcy Attorney | 
Tags: bankruptcy, Budget, emergency fund, financial plan, income, unemployment | 
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The Exercise Capacity of Enterprise
The ability to act is a necessary element for the pursuit of business.
There are categories of subjects, however, which is barred or subject to certain regulations, operation of business.
There is, in fact, incompatible with the holding company for certain professions such as civilian employees of the state, notaries, lawyers, which if engaged in business activities are subject to administrative sanctions in case of aggravated criminal Article bankruptcy. 219 L. bankruptcy.
Then there is the case of the inability of the taxable year of business in case of incapacity art. 320 cc c5 states that the exercise of a commercial enterprise (2195) can not be continued, except with the authorization of the court on the advice of court protection. These may allow the temporary operations company ‘s, until the court has ruled on the instance (2198);
* To incapable, emancipated minors and incapacitated, which can only continue but can not start work ‘s business Read the rest of this entry »