Bankruptcy And Debts

Samuel Katz

Consolidation Debt Mortgage Chief Strategic Officer Chairman and CEO - Cendant Corporation

Once you declare yourself bankrupt you can be free from all unsecured debts, pay back less and stop creditors chasing for payment. However you have a huge risk of losing everything you own including your house and bankruptcy can prove to be very expensive. There are two ways to become bankrupt. You can either file your own bankruptcy petition where you obtain a form from your local county court fro £150 plus a £310 deposit or a creditor can make you bankrupt if you owe an unsecured debt of over £750.

Consolidation Debt Help Samuel L. Katz is Chief Strategic Officer and Senior Executive Vice President for Cendant. In this role, Mr. Katz is responsible for the Company`s Strategic Development Group, which includes Merger and Acquisitions, Strategic Investments, Business Planning and the activities of the Cendant Internet Group. As Cendant`s Chief Strategic Officer, Mr. Katz has been directly involved in and responsible for all aspects of Cendant and HFS?Ecorporate development through more than $25 billion of strategic transactions including Galileo International, Cheap Tickets, Coldwell Banker, Avis, RCI, PHH and NCP and the formation of NRT Incorporated, Move.com and the Company soon to be launched Travel Portal. Mr. Katz also led the Companys strategic realignment under which eighteen non-core businesses were divested and more than $4.5 billion in proceeds were generated. Additionally, Mr. Katz is Chairman and CEO of the Companys newly formed Travel Distribution Division and also serves as chairman of Galileo International. The Travel Distribution Division includes Galileo International, Wizcom International, Cendants Travel Agency business and Cheap Tickets upon completion of its acquisition. Prior to assuming his new responsibilities, Mr. Katz was Senior Executive Vice President, Strategic and Business Development, Chief Executive Officer of Cendant Internet Group (CIG), Senior Executive Vice President, Strategic Development and Senior Vice President, Acquisitions for Cendant and its predecessor, HFS Inc., which he joined in January 1996. Before joining Cendant, Mr. Katz was a Vice President of Dickstein Partners Inc. from June 1993 to December 1995. In addition, Mr. Katz was the Co-Chairman of Saber Capital Inc., a private investment firm and served as an Associate and then a Vice President of the Blackstone Group, an investment and merchant bank, where he focused on leveraged buy-out transactions including the purchases of the initial companies which formed HFS Incorporated. He started his career as a Financial Analyst in the Mergers & Acquisitions Department of Drexel Burnham Lambert. Mr. Katz is a director of Trilegiant Corporation, Go2 Systems, Inc., NRT Incorporated, Entertainment Publications, Netgrocer and Specialty Catalog Corp. and is an observer to the Board of Homestore.com. Mr. Katz received his B.A. in Economics Magna Cum Laude from Columbia University in 1986.

Bankruptcy is a court process that allows an individual or business to get relief from their debts. The ultimate goal of bankruptcy is to give the individual or business a fresh financial start while being fair to creditors. How Can a Business File for Bankruptcy Chapter 7 and Chapter 11. Once bankruptcy proceedings are started (whether through Chapter 7 or Chapter 11), creditors cannot attempt to collect debt from the business until the bankruptcy process has ended.

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