{"id":20228,"date":"2019-11-25T16:16:12","date_gmt":"2019-11-25T13:16:12","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=20228"},"modified":"2019-11-25T03:10:26","modified_gmt":"2019-11-25T00:10:26","slug":"how-to-avoid-legal-bankruptcies","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/how-to-avoid-legal-bankruptcies\/","title":{"rendered":"How Can You Avoid Bankruptcy Proceedings?"},"content":{"rendered":"

\"\u0635\u0648\u0631\u0629<\/p>\n

 <\/p>\n

A precise definition of the legal types and states of bankruptcy is that they arise when circumstances change from financial solvency to distress, leaving a person unable to<\/span><\/p>\n

meet their financial obligations.<\/span><\/p>\n

In commercial law, bankruptcy is associated with debt: a business owner or company becomes unable to meet its financial obligations and pay the amounts<\/span><\/p>\n

due, including loan repayments and other liabilities. This may lead them to formally declare bankruptcy so their assets can be liquidated and the proceeds distributed among creditors, in <\/span><\/p>\n

accordance with applicable legal provisions and regulations.<\/span><\/p>\n

Although business owners may face financial difficulties, legal bankruptcy cases are subject to several conditions, and there are different types and reasons <\/span><\/p>\n

that may lead someone to declare bankruptcy. We explore these in this section of the article.<\/span><\/p>\n

.<\/p>\n

\n
<\/div>\n<\/div>\n

Conditions for Legal Bankruptcy<\/span><\/h2>\n

One condition for bankruptcy is cessation of payments: a merchant stops paying their creditors for an extended period, beyond the agreed timeframe<\/span><\/p>\n

for making the payments.<\/span><\/p>\n

This situation may result in legal action being taken against the indebted merchant or business owner by the financing or lending institution during the payment notice period. <\/span><\/p>\n

resulting from it.<\/span><\/p>\n

If an individual dies while declared bankrupt and has no regular sources of income to help repay their debts, their assets are inventoried;<\/span><\/p>\n

so they can be sold and distributed in accordance with the law.<\/span><\/p>\n

When a merchant liquidates their stake in a company or business due to an inability to meet their financial obligations, the value of that stake may be transferred to <\/span><\/p>\n

creditors under a direct agreement with the merchant.<\/span><\/p>\n

.<\/p>\n

\u0623\u0646\u0648\u0627\u0639 \u0645\u062e\u062a\u0644\u0641\u0629<\/span><\/h2>\n

Bankruptcy is divided into three different types that may lead a company or project owner, or a merchant, to declare bankruptcy. These are:<\/span><\/p>\n

.<\/p>\n

1. \u0627\u0644\u062a\u0642\u0635\u064a\u0631\u064a<\/span><\/h3>\n

Wrongful bankruptcy results from a series of mistakes made by an individual, which they overlook for various self-serving reasons, to the detriment of <\/span><\/p>\n

their own interests, ultimately leading them to declare bankruptcy.<\/span><\/p>\n

Excessive personal and family spending at the expense of the business\u2019s other obligations is the main cause of early bankruptcy. Money invested <\/span><\/p>\n

in the stock market or used to purchase bonds can also lead to a failure to repay those funds to their owners after losses in stocks or bonds. This <\/span><\/p>\n

conduct is considered a legal offense.<\/span><\/p>\n

.<\/p>\n

2. \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0644\u064a<\/span><\/h3>\n

This is considered one of the most serious types of bankruptcy. It occurs when a merchant conceals their assets or takes them out of the country where their investments are located. These assets are usually <\/span><\/p>\n

Liabilities and debts owed to individuals and businesses, leaving them subject to legal action by the authorities.<\/span><\/p>\n

\u0632<\/p>\n

3. \u0627\u0644\u0628\u0633\u064a\u0637<\/span><\/h3>\n

Here, bankruptcy is tied to the financial condition of a merchant or business owner, reflecting the negative impact of broader market conditions, <\/span><\/p>\n

or an economic downturn affecting societies around the world.<\/span><\/p>\n

The unexpected circumstances affecting the company can lead to lower business profits and an inability to repay debts, resulting in the liquidation of assets, <\/span><\/p>\n

and a declaration of bankruptcy.<\/span><\/p>","protected":false},"excerpt":{"rendered":"

  \u0644\u0627 \u064a\u0623\u062a\u064a \u062a\u0639\u0631\u064a\u0641\u064c \u062f\u0642\u064a\u0642 \u0644\u0623\u0646\u0648\u0627\u0639 \u0648 \u062d\u0627\u0644\u0627\u062a \u0627\u0644\u0625\u0641\u0644\u0627\u0633 \u0627\u0644\u0642\u0627\u0646\u0648\u0646\u064a\u0629 \u0633\u0648\u0649 \u0628\u0643\u0648\u0646\u0647\u0627 \u0627\u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u062a\u064a \u062a\u062a\u063a\u064a\u0651\u0631 \u0628\u0639\u062f \u0627\u0644\u062a\u062d\u0648\u064f\u0644 \u0645\u0646 \u0627\u0644\u064a\u064f\u0633\u0631 \u0625\u0644\u0649 \u0627\u0644\u0639\u064f\u0633\u0631\u060c \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0639\u062f\u0645 \u0627\u0644\u0642\u062f\u0631\u0629 \u0639\u0644\u0649 \u062a\u0633\u062f\u064a\u062f [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":20229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[20212,20208,20213,20211,9423,20210,20209],"class_list":["post-20228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-20212","tag-20208","tag-20213","tag-20211","tag-9423","tag-20210","tag-20209"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=20228"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/20228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/20229"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=20228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=20228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=20228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}