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Does a person paying crimina restitution criminal to a company continue to pay if the company goes bankrupt and no longer exists?
Wiki User
∙ 15y ago
You will still owe the restitution to SOMEONE. In any bankruptcy there is a receiver who handles the apportionment of debts and assets. Your restitution payment would be considered an asset to the bankrupt company and, unless the bankruptcy court discharged your debt, you would probably have to continue to pay the full amount due.
Wiki User
∙ 15y ago
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Did Ford ever go bankrupt?
Henry Ford went bankrupt before he founded Ford Motor Company. Ford Motor Company has never went bankrupt.
Which company got bankrupt?
Your moms bacon company
Companies that went bankrupt?
us energy company that went bankrupt in 2001
If a company goes bankrupt do I still have to pay the finance company even though I am no longer receiving services from them I am refering to the Dores Program.?
Your question will require research by you. If your contract/loan/obligation was part of the bankrupt company's assets it is now in the hands of the company's "receivers" and you may be contractually obligated to continue payment until the matter is ruled on the bankruptcy court. Personally - I am unfamiliar with the "Dores Program."
Where are the headquarters of the company Finance Credit?
Finance Credit is a company that no longer operates, having gone bankrupt in 2002. There was much scandal over their closure, due to a criminal investigation into siphoning funds. The founders of the company are currently serving prison time, in Norway, where the company originated.
Why would a bankrupt company convert from Chapter 11 to chapter 7?
Because no plan of reorganization....agreeable to creditors and the court, where the company can continue in operations and successfuly operate was considered possible...its only choice being to dissolve.
Can you be a director of a company if you have been made bankrupt?
No
When did the Pepsi-Cola Company go bankrupt?
1923 according to PCH In 1931, the Pepsi-Cola Company went bankrupt during the Great Depression.
Can a company get bankrupt for selling unsafe products?
Yes, selling unsafe products can result in going bankrupt. Particularly if the company is the target of many law suits.
When did Zacherl Coal Company go bankrupt?
They didn't go bankrupt, the company simply dissolved with new EPA restrictions in the 1970's. K-Zacherl
When does a company declare bankruptcy?
A company is bankrupt when it is insolvent.it cannot settle its indebtedness.
Does a stockholder sue a company that has gone bankrupt?
In general, no, a stockholder does not sue a company that has gone bankrupt unless there is clear evidence of wrongdoing that caused the bankruptcy. A stockholder, by principle, is taking a risk that the company will continue to be a going concern and that the shares will increase in value as a result. While shareholders may be upset about the decision that they made, they don't usually have any recourse in getting any value back for their stock holdings.
