Bankruptcy is a federal court procedure intended to benefit both debtors and creditors if a debtor is unable to pay all obligations. Filing bankruptcy' stops, or stays, all creditor's debt-collection procedures. The stay is to prevent some creditors from receiving more than their fair share from...

The financial stress and economic difficulties which characterized sectors of the agriculture industry during the 1980s may continue to trouble some producers into the 1990s as a result of drought and international competition. This report explains legal alternatives available to creditors for...

Limited Liability Companies is a new business organization that · combines the taxation of a partnership with the limited liability of a corporation; · can facilitate the transfer of property ownership from one organization to another; · offers an alternative for businesses involved in...