3 results for 'bankruptcy'
...for the "common good," a phrase you will never hear issue from the portals at Bain Capital, nor any other corporation, unless it is a part of their marketing package, and thus, cynical in the extreme.
So I thought, "Self, I wonder how the ultimate arbiter of failure in America, The Bankruptcy, compares between business and government," so I did a little digging. Turns out the numbers are right there for anyone to see, over at the American Bankruptcy Institute, where they do some serious number crunching. I mean, these guys are the best damned bean counters you can ever hope to... (more)
Under Chapter 7 (of the Federal Bankruptcy Code) -- a trustee is appointed to take over your property. Any property of value will be sold or turned into money to pay your creditors. You may be able to keep some personal property items and possibly real estate depending on the law of the State where you live and applicable federal laws.
The Mercantile Trust Bank building in Providence, Rhode Island is comprised of two towers, the North and the South. The North tower, which was built over a century ago, is a stately structure, its interior walls clad in rich mahogany, its tenants... (more)
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