Bankruptcy:a paradox

Cash cannot be bound up in chains to prevent escape. It will flow inevitably and bidirectionally- in and out. So, bankruptcy or financial hardships have to be accepted that way.But the situation need be got rid of and we will tell you how.

Bankruptcy to the layman might mean only complete debt and a cash strap, but to the financial dealers it means the solution too. It is such a paradox to have both the disease and the medicine by the same name.

Every body at some point of time are in debt . Then they take loans and sign a deal but when the terms are breached due to inability to pay , one becomes bankrupt. This condition needs to be declared formally . Prior to the declaration legal counsel is a must.
This declaration can be made by two parties: