Divisible property-bankruptcy, Financial Accounting

DIVISIBLE PROPERTY

The property of the bankrupt divisible among creditors includes:

  1. Property belonging to the bankrupt at the commencement of the bankruptcy;
  2. Property acquired by him before his discharge ("after - acquired  property"); and
  3. In certain cases, property owned by, or in the hands of, third parties.


The 'property' of a bankrupt includes property held under a joint tenancy.

Posted Date: 12/13/2012 12:20:20 AM | Location : United States







Related Discussions:- Divisible property-bankruptcy, Assignment Help, Ask Question on Divisible property-bankruptcy, Get Answer, Expert's Help, Divisible property-bankruptcy Discussions

Write discussion on Divisible property-bankruptcy
Your posts are moderated
Related Questions
KAM Computer Timeshare Company entered into the following transactions durnig May 2014 Decribe the effects of each transaction on assets, liabilities, and owner's equity. 1. Purcha

Q. What do you mean by Inflation? Predicts of future inflation of sales prices and variable costs should be prepared Therefore that a nominal NPV evaluation is able to be under

Maghrabi Enclosure follows a moderate current asset investment policy, but it is considering whether to shift to a different strategy. The firm''s annual sales are $500,000; its f

A Company policy calls for keeping safety-stock equal to 25% the forecasted demand for that month.  The company currently has a work force of 12 people.  It takes a worker 3 hours

#Which of the two ratios are the greatest? 1.67.1 or 0.29.1

Assume you are receiving an amount of Rs.5000 twice in a year for subsequent five years one time at the starting of the year and another amount of Rs. 5000 at the ending of the yea

Camp Corp had the following balances in its stockholders'' equity at jan 1: Common stock, $2, par value, 450,000 shares issued $900,000 Additional pd in capial 1,200,000 Retained

redemption of debentures by sinking fund method

The demand curve for a product is given by Qxd = 2,000 - 5Px + 0.2Pz, Where, Pz = $500. a. What is the own price elasticity of demand when Px = $120? Is demand elastic or inelasti

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 The beta coefficient