Category: Bankruptcies

• Bankruptcies

The Section 161 Examination has two pruposes, it is most often used as a routine backcheck, but sometimes used as an exploratory mechanism to detail the sale or disposition of property prior to filing an insolvency proceeding.

• Bankruptcies

Many folks view bankruptcy as a one off event “I can only go bankrupt once!” which it really should be. However, a significant number of bankrupts’ have filed more than one or two bankruptcies, the most we have heard of is five times.