Since the 1950’s it is safe to say that oil has become the most important source of energy in the world. When we think about it, we usually imagine crude oil and its refinement to become fossil fuels; but the uses of oil go beyond that, as it is essential in the production of most […]

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Oil, like other resources, are not infinite and as more extraction of oil is done all over the world, there are also more theories that analyze the rise, peaks, falls and depletion of oil in different moments in time. There is even a theory, developed by M.King Hubbert’s studies, that oil will not only deplete, […]

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There are many different types of financial derivatives, but most tend to fall within one of four general categories. Forward contracts In this type of derivatives contract, a customized deal is made between two parties to buy or sell a particular quantity of an asset at an agreed-upon price, with delivery of the asset taking […]

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The vast majority of Chapter 11 bankruptcy cases today are voluntary, meaning that debtor voluntarily initiated the bankruptcy process by a filing a petition for bankruptcy protection. Most bankruptcy experts tend to agree that this is a positive reflection of our modern understanding of the true purpose of bankruptcy, which is to provide an opportunity […]

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In virtually all Chapter 11 bankruptcy cases, a committee of unsecured creditors will be appointed. The committee, which plays a significant role in the bankruptcy process, can have a major impact on the outcome of a case. Here is a closer look at the various aspects of a typical Chapter 11 creditors’ committee, including its […]

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Source: Chris Potter / License Contrary to public perception, the bankruptcy process does not in fact begin with the filing of a bankruptcy petition. Before a debtor can initiate formal bankruptcy proceedings, he or she must complete an approved credit counseling briefing in order to assess his or her present financial circumstances and determine the […]

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