Bankruptcy laws have changed drastically throughout the course of history in both the United States and abroad. You might be surprised to discover that insolvency and bankruptcy far predate the woes of today’s U.S. citizens. In the following infographic, learn all about the origins of bankruptcy, how it has evolved over the years, and which laws are currently governing bankruptcy in America.
Before they filed for bankruptcy, Lehman Brothers Holdings Inc. was the fourth-largest investment back in the United States. Unfortunately, due to their involvement in mortgage origination, the company plummeted hard during the mortgage crisis of 2008. Here is an infographic that lists the 20 largest bankruptcies in American history, including some noteworthy bankruptcies of 2017 and 2018.
Opponents of illegal immigration are fond of telling foreigners to “get in line” before coming to work in America. But what does that line actually look like? And how many years (or decades) does it take to get through? Here is a visual that looks at various scenarios and how long it can take to immigrate to the United States.
Lien stripping and lien avoidance are useful tools used in bankruptcy when a creditor has put a lien on your house or some other tangible property. This articles explores the differences between lien stripping and lien avoidance.
According to Studentaid.ed.gov, the total outstanding debt on student loans as of 2018 was $1.6 trillion!!! This does not consider private student loan. About $92.02 billion of these student loans are more than 90 days late. This article looks at managing student loans or discharging them in case of bankruptcy.
Are taxes dischargeable in bankruptcy? The answer to this question is yes and no. This is a complex overlapping area of the law and there are many nuances and exceptions. The intent of this article is only to touch on main points to provide the reader with a basic background so that he or she may consult with an attorney and be able to ask intelligent questions.
Today, nearly 1 in 5 small business owners in America is foreign-born. Entrepreneurs in immigrant populations are starting new businesses in record numbers and spuring growth in the American economy. In this article, accompanied with an infographic, we take a look at where they are finding success.
America has a rich tradition of immigration. It is in fact a country of immigrants. It is one of the most desirous countries for immigrants to want to migrate to so that they can have an opportunity to experience the American Dream of individual rights and prosperity. The following visual represents immigrants as a percentage of the U.S. population throughout history.
Immigration is a big issue in the United States as well as countries all over the world. In the United States alone, 125 out of every 1,000 people are immigrants. It is estimated that 1.5 million new immigrants, bot legal and illegal, arrive in the U.S. each year. What kind of an impact does immigration have in the U.S. and around the globe?
With the booming U.S. economy, many foreign investors are seeking to start a business in the United States or buy existing one. In this article we highlight the advantages and requirements of the E-2 visa.