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freezing method
Frozen Law Introduction
Frozen law is a legal practice that involves freezing assets that are owned by a defendant in a criminal or civil case. The assets are held by the court, or by a third party, until the case has been resolved. This practice has become increasingly popular in recent years as......
1040 
Sophie
Shrinkage
Credit card debt in the US is one of the most pressing issues of our time, as the number of Americans in debt continues to grow. Credit card debt is the fastest-growing form of debt in the US, and it is becoming increasingly difficult for consumers to keep up with their payments.
For many America......
debt settlement receiver
Debt Settlement Receipt
When an individual or a business owes debts to external creditors or entities, debt settlement is the process of negotiating with creditors to reduce the total amount of debt owed and agree on a payment structure that fits within the debtors budget. A debt settlement recei......
bankruptcy
Bankruptcy
When most people think of bankruptcy, they think of it as a negative thing. Indeed, bankruptcy is a difficult and challenging process. However, it is also an important legal tool to help people get out of debt and get a fresh start. This article explains how bankruptcy works and the be......
insolvent
Throughout the course of history, individuals and businesses have been in situations where they are unable to pay their debts for a variety of reasons. One of the most common ways for an individual or business that is unable to pay debts is to enter into an agreement with the creditor in which pay......
Uniform Rules for Collections
Unified Rules for Collection
Collection is a common way of paying for goods or services in the modern world. It is a process where a seller requests a buyer to clear their outstanding debt. When the buyer does not make a payment, the seller can lodge a claim for collection. This article will disc......
Bankruptcy Law
Bankruptcy Law
Bankruptcy law is one of the most important aspects of corporate law. Bankruptcy is a legal procedure whereby a company or individual can obtain relief from creditors by providing a mechanism for restructuring and reorganizing the debts and liabilities of the debtor. In the United ......
Liquidation
Bankruptcy Liquidation
Bankruptcy liquidation is a process through which an insolvent company is formally declared bankrupt and its assets are distributed among its creditors. The bankruptcy liquidation process begins when a bankruptcy petition is filed with the court by either the debtor or the ......
debt
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Debt has become a common element of life in western society. With mortgages, car loans and credit cards, people are relying more and more on loans to purchase goods and services they need. The advantage of taking out credit is the ability to get what you need now and have the flexibility to pay ......
Payment in transit
On-the-way Money
On-the-way money refers to funds that are expected to be collected in the near future but not yet received, such as accounts receivable, notes receivable and other receivables. It is an important source of cash flow for finance-needing companies. In particular, small and medium-s......
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