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What happens if car dealership files bankruptcy how do you pay for vehicle?
If a car dealership files for bankruptcy, someone will purchase the accounts receivable as part of the bankruptcy settlement. That person or company should contact you and tell you where to make payments.
When should a stockholder receive payment if a company declares bankruptcy?
A stockholder should receive payment only after the claims of the creditors have been paid off if that company declares bankruptcy.
What if happens if you cosigned for car loan and the borrower files for bankruptcy?
if the consigner files bankruptcy can the borrower take the car
What happens if a co signer files bankruptcy?
They both go bankruptcy
If you cosign on a car and the other person files chapter 13 and is paying on the loan does the company have the right by law to ruin the cosigner's credit?
Each states bankruptcy Laws are different. But in most cases if you co-sign and the loans does not get paid your credit can go down the tubes also.
When a company files bankruptcy what happens to the union contracts?
They can be changed by the Court.
Can I claim services not paid for by a company filing bankruptcy?
Yes
I have bought airline tickets with credit card. Do you get refund if company files bankruptcy?
No. They paid airline for you, by your request. Your agreement with the cr card company does not involve them with what your purchasing...just that they will loan to you what you ask for, and pay it to whom you said.
What happens to your wage garnishment when the company files bankruptcy?
your wages still garnished
What happens when a business is owed money by a company that files for bankruptcy?
Need the right answer
What happens if car dealership files bankruptcy how do you pay for vehicle?
If a car dealership files for bankruptcy, someone will purchase the accounts receivable as part of the bankruptcy settlement. That person or company should contact you and tell you where to make payments.
If a trucking company files bankruptcy and you are leasing a truck from them what is your responsibility to the company?
If your thinking you no longer have to make payments, your wrong. Your responcibility to the company is the exact same, it doesn't change because they filed for bankruptcy.
Can the company who filed bankruptcy stop your long term disability after twenty years paid into this plan when working?
the reason for cancellation is bankruptcy can they do that?
How does a client get their money back if the business files for bankruptcy?
It depends on the chapter they filed and the financial state of the company, most likey not, that is why the filed for bankruptcy, they have no funds.
When should a stockholder receive payment if a company declares bankruptcy?
A stockholder should receive payment only after the claims of the creditors have been paid off if that company declares bankruptcy.
When can you file bankruptcy after you have paid off a bankruptcy?
When you filed for the bankruptcy, you are also declaring total surrender of the business to the hands of creditor. Although, you can still maintain rights of the company, for the sake of proper decorum, it is advised to allow the bankruptcy trustee to work on the survival of the company.
Typically when a business is owed money by a company that files for bankruptcy the business will...?
It SHOULD file a claim with the court to be paid...and it will wait in line and be paid in accord with how the BK progresses...maybe all, maybe some small portion of what it is owed...depending on the situaton of the co that went BK and what what the debt is for and how it was secured, if at all.
