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The path to prosperity

by Administrator on Oct 24, 2014

The current path - which the President's irresponsible budget commits us to - will result in a debt-fueled economic crisis, the shredding of the safety net, and a diminished future. Americans deserve better than empty promises from a government going broke. The budget advanced by the House Budget Committee ensures real security through real reform. The House Budget Committee's FY2012 Budget Resolution helps spur job creation today, stops spending money the government doesn't have, and lifts the crushing burden of debt. This plan puts the budget on the path to balance and the economy on the path to prosperity. ECONOMIC GROWTH AND JOB CREATION: Fosters a better environment for private-sector job creation by lifting debt-fueled uncertainty and advancing pro-growth tax reforms. SPENDING CUTS AND CONTROLS: Stops Washington from spending money it does not have on government programs that do not work. Locks in spending cuts with spending controls. REAL SECURITY: Fulfills the mission of ... Continue reading →

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Common Bankruptcy Questions and Answers

Common Bankruptcy Questions and Answers

by Jay Cool on Jul 21, 2017

Although bankruptcy is seemingly quite common in the world today, there are still many people who understand very little about the way that the whole process works. A lot of bankruptcy questions still proliferate on the internet and there just can't seem to be enough resources to answer them all. Here are some of the most common bankruptcy questions: 1) What is bankruptcy? – Many people ask this bankruptcy question mainly because of the discrepancy between the reality of bankruptcy and what is portrayed in media. Many people think that bankruptcy is just something that happens. But actually, bankruptcy is something that's declared by law. When your company goes bankrupt, it wouldn't be a sudden occurrence of you finding out that the treasury is empty. It would be a decision reached by either your company or your creditors. It would be a process to be decided and overseen by the courts.  2) Is bankruptcy something to be desired? –this bankruptcy question ... Continue reading →

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The Basics of Chapter 11 Bankruptcy

The Basics of Chapter 11 Bankruptcy

by Jay Cool on Jul 21, 2017

When a company chooses to declare bankruptcy in order to receive protection from the Federal Government, it can choose to file the declaration under chapter 7 of the Bankruptcy code which means all of its assets will be dissolved and distributed amongst the creditors. Although most companies prefer to file this type of bankruptcy, there are others who choose to file Chapter 11 bankruptcies. What exactly is a Chapter 11 bankruptcy? In a nutshell, Chapter 11 bankruptcy is when a company does not choose dissolution and liquidation but seeks protection from the government so that it can be reorganized. That is, the company will be given partial or full relief from creditors but it will not be dissolved. However, the court will reorganize the company according to its debts. In most cases of Chapter 11 bankruptcy, the whole company is given to the creditors to run. What is the rationale behind the Chapter 11 bankruptcy? In cases of bankruptcy, the assets of the company are no longer enough ... Continue reading →

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Common Bankruptcy Questions and Answers

Common Bankruptcy Questions and Answers

by jayne smith on Jul 30, 2017

Although bankruptcy is seemingly quite common in the world today, there are still many people who understand very little about the way that the whole process works. A lot of bankruptcy questions still proliferate on the internet and there just can't seem to be enough resources to answer them all. Here are some of the most common bankruptcy questions: 1) What is bankruptcy? – Many people ask this bankruptcy question mainly because of the discrepancy between the reality of bankruptcy and what is portrayed in media. Many people think that bankruptcy is just something that happens. But actually, bankruptcy is something that's declared by law. When your company goes bankrupt, it wouldn't be a sudden occurrence of you finding out that the treasury is empty. It would be a decision reached by either your company or your creditors. It would be a process to be decided and overseen by the courts.  2) Is bankruptcy something to be desired? –this bankruptcy question ... Continue reading →

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