The Boards of Directors of companies have always complicated decision making. However, those decisions become incredibly more complex when the company has entered into an “insolvency zone” and is considering bankruptcy. Generally, the Boards of Directors have a fiduciary duty towards the shareholders of the company. That means they must make decisions for the company…
Month: May 2019
What are the other implications of a bankruptcy?
Since it manages and liquidates most of your property, the trustee in bankruptcy will have to meet certain tax obligations such as, if you have not filed , your tax returns: For the two (2) years preceding your personal bankruptcy For the period beginning 1 st January and ends on the day before the official…