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Guide to paralegals featuring information, resources, news, articles, guides and advice covering the paralegal profession and law.
Becoming A Paralegal.
Entering the paralegal field will require much more than a love for the legal industry. Being familiar with the rules, regulations and laws the govern the industry will help you to find suitable employment. Learn what you can do to make yourself a valuable asset and landing a job in a law firm will be simple.
Paralegal Salaries.
Although many people become paralegals because of the potential to make a high salary, further education will be required to meet your full potential. Education is tantamount in the paralegal field, but experience, expertise and skills will be the most important factors that employers will be on the lookout for.
Outlook.
There are many high paying jobs that require minimal training but most industries have become over saturated. People interested in getting into the paralegal field will have a better chance of succeeding if they know where the best job markets are located. Find out more about the direction of the paralegal field and prepare yourself for the future.
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Out of the Ashes of Liquidation
When a company or corporation becomes fully insolvent and can no longer pay off their debts they are faced with a few different options for which avenue they wish to follow to the future. One of those avenues is liquidation, which is when a company has to sell off valuable assets to pay off unpaid debts. These valuable assets can range from lucrative properties to equipment which is necessary for whatever business the company may be in. Covered by the Insolvency Act 1986 and the Enterprise Ace 2002, both of these options are available to companies in financial dire straits so they can properly pay off their debts. However, even in these tough economic times where simply starting a business can be very risky, governments realize that it is good for everyone when businesses succeed; when businesses flourish then the unemployment rate is low which positively affects crime rates and standards of living in a given country (this rings especially true in Great Britain and the United States). That is why governments offer a third option to flagging companies: redemption.Instead of coming to an end and closing up shop forever, the government offers guidance to companies so they can continue to exist even though they may not currently be solvent or profitable. In the eyes of financial law, companies that choose this option are reclassified as a Phoenix company, which is a company which persists after a previous company has become totally insolvent. The resulting phoenix company typically offers the same (or similar) products and services as the original company but their practices may be watch guarded by a ruling administration or panel to ensure they become profitable so they avoid the same mistakes as the previous company and remain solvent. Undertaking this course of action comes with many financial laws and management so it is highly recommended to consult a proper source before following this avenue.
28.04.2012. 07:04