A bankruptcy trustee is appointed to oversee the liquidation of a debtor’s estate.
A bankruptcy trustee has an obligation to do all he or she can to maximize the amount that a bankrupt entity’s estate can pay to the debtor’s unsecured creditors. The trustee must also challenge the claims of a creditor where appropriate.
The estate is constituted of all of the bankrupt entity’s nonexempt assets. The trustee will oversee the “341” meeting, in the case of Chapter 7 bankruptcy.
Bankruptcy fraud is possible, and the court-appointed trustee is there in part to ensure that this does not happen. The trustee will pay the proportionate amount available to settle with each creditor in turn, and, in the case of Chapter 13 bankruptcy, will receive and dispense the funds from the debtor as part of the repayment plan.
Sector ETFs hold a portfolio of stocks and other securities that represent a specific sector of the market
Conventional wisdom is that real estate investments are a good hedge against inflation, and they often have tax advantages
The surest way to make tax-free withdrawals is to wait until you are older than 59½, but there are a few other ways
Some people use the term “home office” to loosely refer to the fact that they work primarily from their home, while...
Form 1040-X is the amendment form used to change previously submitted information from the 1040, 1040-A, or 1040-EZ
Medicare and Medicaid are two very substantial government-run healthcare programs which you have no doubt heard of before
Form 2106 is the long-form way to request deductions for unreimbursed business expenses incurred by the employee
Blockchains create an indisputable digital record that is decentralized, i.e,, cannot be changed by a single actor. Using blockchain is generally for digital security
An inverted yield curve occurs when long-term treasuries have a lower yield than short-term treasuries
There is a hierarchy of which creditors and investors will be serviced first in the event that a company goes bankrupt