Posts Tagged ‘assets

These days many people are becoming interested in finding out how to claim bankruptcy, which is a situation that arises when individuals can no longer service or repay their debts.

Filing for bankruptcy should be a last resort.

A Charitable Remainder Unitrust (CRUT) is put in place to provide an income to a non-charitable beneficiary and at the same time move the rest of the interest to a qualified charity.

The debt collection authorities have begun proceedings against former builder Boaz Yona, who hasn’t been paying compensation to home-buyers left bereft of roof or money when his construction company Heftsiba collapsed. Yona was convicted in November 2008 of a slew of offenses, including fraud, and theft, which left many apartment buyers without their money and the home they’d paid for.