Daily Archives: January 17, 2024

Can I Inherit Debt?

Inheritances and debts are separate legal concepts, and whether or not you inherit debt depends on various factors, including the laws in your jurisdiction and the specific circumstances of the situation. Here are some key points to consider: Estate’s Assets and Liabilities: When a person passes away, their estate includes

How Corporate Bankruptcy Works

By Lindsay Simon | The Conversation More than 20,000 companies file for bankruptcy every year. Although companies follow many different paths to bankruptcy, each one encounters a process that is carefully designed to balance the rights of debtors and creditors. As I’ve learned from studying and practicing bankruptcy law, the system is

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