Professional Documents
Culture Documents
VENTURE
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DOMINATORZ
GROUP MEMBERS:
Hina Ambreen
Umair Khan
Shoaib Shahzad
Waqar Ali
Muhammad Ejaz
Badr Ul Haq
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Introduction
Even though the intent of all entrepreneurs is to establish a
business for a long time, many problems can cause these plans to
fail.
Since about one-half of all new ventures fail in their first four years
of business.
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What Does Bankruptcy Mean
The word bankruptcy is formed from the ancient Latin
Words.
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Bankruptcy
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What exactly is bankruptcy?
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Types
bankruptcies can be divided into two types:
liquidation
reorganization.
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Primary Players
Judge
Debtor
Creditor
bankruptcy Trustee
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Reorganization
Reorganization actually means:
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REORGANIZATION
Reorganization is an attempt to extend the life of a company
facing bankruptcy through special arrangements and
restructuring in order to minimize the possibility of past
situations reoccurring
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Surviving Bankruptcy
Filing for bankruptcy is can be a last resort or the best
looking option for a new financial start.
The road to financial recovery may be long, but there are
ways to help you recover from not only the financial, but the
mental strains as well.
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Surviving Bankruptcy
you can survive bankruptcy and successfully
manage your finances afterward.
Bankruptcy is meant to give debtors a fresh start.
Talk to experts
Address your mistakes
Rebuilding
Don’t do it again
Get back on your feet
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Prepackage Bankruptcy
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Prepackaged Bankruptcy
A plan for financial reorganization that a company prepares in
cooperation with its creditors that will take effect once the
company enters bankruptcy.
This plan must be voted on by shareholders before the
company files its petition for bankruptcy, and can result in
shorter turnaround times.
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Pre-Packaged Bankruptcies
(“Pre-Packs”)
Advantages of Pre-Packs
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Extended Time Payment Plans
A customer who cannot pay back a loan when it is due has the
option of entering into an Extended Payment Plan (EPP).
This service allows the loan to be repaid over a period of
additional weeks.
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Extended Time Payment Plans
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Extended Time Payment Plans
This is a good plan if you will need to make smaller monthly
payments. Because the repayment period will be 25 years,
your monthly payments will be less than with the standard
plan. However, you may pay more in interest because you're
taking longer to repay the loans.
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America Extended Payment Plan
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Is This The End?
Bankruptcy and Liquidation do not have to be the end for the
entrepreneur.
Many entrepreneur have failed many times before finally
succeeding. If failure does occur the entrepreneur should:
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Consult with his or her relative
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