One of the ways that a business can use to avoid bankruptcy is to go through liquidation and sell off company assets to pay off their creditors. It is becoming more and more common now, due to the declining U.S. Economy and the changing of bankruptcy laws. When a company goes through liquidation, it does not mean that it is out of business for good but for the time that its assets are being liquidated, it will have to temporarily stop doing business.

There are three different types of liquidation procedures that are used and the first one is called “members voluntary liquidation.” With this liquidation process, all of the shareholders or partners unanimously agree on the liquidation and the value of the assets to be sold off exceeds the amount of debt that is owed. The second common liquidation procedure is referred to as “creditors voluntary liquidation” and it also is agreed upon by the partners or shareholders.     Read the rest of this entry »

Branch Banking – A Cat with Nine Lives
Dr. Nicos Rossides: CEO MASMI Research Group
Bud Taylor: Director Consulting MASMI Research Group
Introduction

Branch banking is dead!  Technology is killing the retail branch!  The Internet rules!  Younger tech savvy customers are taking over as the brick & mortar customers die off!
Maybe.  But to-date we have not quite lopped off the head of the face-to-face banking Hydra.  Things may be different in twenty years, but they’re not dramatically different today.
But we like being in denial.  Every time we are confronted with evidence of the survival of branch banking we find ways to dismiss it.  For example, research in the UK published by Deloitte & Touche in September 2002 found that 80% of bank customers use the branch, and 52% regarded it as the preferred channel. Similarly a Gallup Poll conducted in the US in April 2003 found that 83% of Americans had visited their bank at least once a month on average over the previous year. It is easy to disregard these studies – we can dismiss them as dated.      Read the rest of this entry »

1.0 INDIAN BANKING SYSTEM

A banking company in India has been defined in the banking companiesact,1949.as one “which transacts the business of banking which means the accepting, for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdraw able by cheque, draft, order or otherwise.” Most of the activities a Bank performs are derived from the above definition. In addition, Banks are allowed to perform certain activities which are ancillary to this business of accepting deposits and lending. A bank’s relationship with the public, therefore, revolves around accepting deposits and lending money. Another activity which is assuming increasing importance is transfer of money – both domestic and foreign – from one place to another. This activity is generally known as “remittance business” in banking parlance. The so called forex (foreign exchange) business is largely a part of remittance albeit it involves buying and selling of foreign currencies.      Read the rest of this entry »

We’ve all heard the saying where there’s a will, there’s a way; well, how would you like to discover a bank loophole to buy foreclosed home dirt cheap? I can show you how to make money like big investors do.

There was a time when banks wouldn’t even talk to you if you didn’t have A++ credit and a substantial down payment.  Well, things have changed drastically, and you can now purchase property with less than perfect credit, with as little as $100 down.

No, I’m not talking about those infomercials where they promise you the world and deliver information that you can retrieve from your local courthouse. During these tough economic times, nobody has money to throw away and certainly no time to waste, so let’s get right to the important part.     Read the rest of this entry »

It is a fact that at one point in time or another nearly all entrepreneurs need a bank business loan, either to start up the enterprise, expend it, or to bridge difficult times when the consumer turns fickle. Of the many lenders and types of loans available, a bank business loan will probably be the best bet for starting the venture. A bank business loan is often the best way to establish and maintain your venture’s credit rating, if it is fastidiously repaid.

But, if you are experiencing financial problems, is a bank business loan a good idea to use to get current on the debts? Just what is a bank business loan and what is the application procedure? A bank business loan is an unsecured loan that does not require collateral of any kind. It is based entirely upon the credit rating of all of the involved partners; the prospectus or the plan that was developed that outlines the venture, including both the financial liabilities and the anticipated income. You will have to provide well-organized and scrupulous detail, together with a good credit rating for this type of loan. A bank business loan is the primary vehicle for starting up an enterprise and gets a venture off to a good start, however it is a poor remedy for existing financial problems.     Read the rest of this entry »