What are the consequences of bankruptcy

Assignment Help Financial Management
Reference no: EM132083004

If you ever work as a financial counsellor (do you still remember the role of a financial counsellor?), you are likely to provide advice to clients who are in financial hardship.

Bankruptcy is the topic that will often be brought up in the conversation. Research on bankruptcy and discuss the consequence of bankruptcy.

Below are some questions for you to think about. Your discussion may not be limited to them.

Discussion questions:

a. What is bankruptcy? And who can apply for bankruptcy?

b. What are the consequences of bankruptcy?

c. What happens to the assets and debts of the individual who is bankrupt? What about family assets and debts?

d. How does bankruptcy affect income and employment?

e. What other avenue you would recommend your clients to pursue before declaring bankruptcy? Information for reference can be found at Australian.

Reference no: EM132083004

Questions Cloud

Why is it important to use statistics ethically : Why is it important to use statistics ethically? Give an example of unethical use of statistics and explain why it is unethical.
Compute hourly rate and overtime rates : Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal).
Create a pie chart using the column school type : For each of the 2 majors create a pie chart using the column ‘School Type'. Comment on your results.
Why does us copiers manufacture copiers and toner cartridges : Why does US Copiers manufacture both copiers and toner cartridges? Why don't separate firms specialize in either copiers or toner cartridges.
What are the consequences of bankruptcy : Bankruptcy is the topic that will often be brought up in the conversation. Research on bankruptcy and discuss the consequence of bankruptcy.
Bitlocker drive encryption : You want to make sure the files you have on the system are protected from prying eyes. You are considering using BitLocker Drive encryption.
Will this activity allow you to have meaningful contact : Does your intended activity meet all requirements of the assignment (see expectations below)? Provide some details to justify your answer.
Configuring name resolution : You are the administrator of the Contoso Corporation. You try to connect to an internal website while another user connects to the website.
Configuring wireless connections : You are an administrator for the Contoso Corporation. You have a mobile computer that is used for troubleshooting.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd