Proceedings under federal statutes to relieve a debtor who is unable or unwilling to pay its debts. After addressing certain priorities and exemptions, the bankrupt entity’s property and other assets are distributed by the court to creditors as full satisfaction for the debt.
another interesting article from CREIC
Karen E. Kennedy, President and Founder of National Asset Services, one of the Nation’s leading commercial real estate companies, has been selected by Real Estate Forum magazine as one of California's influential women for 2015. Selected from a...