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If your company declares bankruptcy does this discharge your guaranty?
Wiki User
∙ 14y ago
If the company is a corporation and you personally guaranteed the debt, the corporation's discharge of its debts does not discharge your obligation. If the company is you as a "DBA" then more than likely the discharge of the DBA (doing business as) discharges your personal guarantee.
Wiki User
∙ 14y ago
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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 typically happens to ones retirement if a company declares bankruptcy?
If a company manages its own retiements system, the funds of the system are lost if the company declares bankruptcy. In the United States there is a system for insuring retirement systems, but the payout to individuals is generally much less through insurance than would have been provided by the retirement system itself. If a company has its employees contribute to a retirement system managed by a third-party provider, those employees who are vested in their accounts may not loose them if the employer declares bankruptcy.
What if your condominium declares bankruptcy?
Your condominium association is a public company. There are several types of bankruptcy, and the type chosen by the association will determine how business proceeds once bankruptcy is declared. Read more, below.
When was Financial Guaranty Insurance Company created?
Financial Guaranty Insurance Company was created in 1983.
What is the ticker symbol for Financial Guaranty Insurance Co?
Financial Guaranty Insurance Company does not have a ticker symbol because it is not publicly traded. It is a privately owned company.
Can a repossesion company get a boat after bankruptcy has been filed on it?
The creditor can repossess the boat, after it files a motion for relief from stay that is allowed or you have agreed to surrender the boat to the creditor. The repo company is only acting as an agent for the creditor.You do not file bankruptcy "on" anything. You file bankruptcy to have your debts discharged if they are dischargeable. If you have intentionally omitted other creditors, your petition or discharge could be denied.
What insurance company has code 129?
Fidelity & guaranty ins underwriters inc
Can a discharged utility debt become a collection after bankruptcy?
A utility company may not collect any debt that was discharged in a Chapter 7/13 bankruptcy. The discharge injunction, in most cases, prevents a creditor (including a utility company) from collecting a debt that was discharged. However, the utility company can, and often does, require a security deposit before resuming utility services.
Can you file the college network on bankruptcy?
In most cases, you can not include an educational loan in a chapter 7 bankruptcy. This Person is wrong! The college network sells study materials. It is not an "Educational Loan" It is a private company. Yes you can discharge them like any other debt!
Can an individual unsecured creditor not a credit card company get property such as a computer back if the bankruptcy was discharged and they were notified of it but are now making demands?
If the debt was truly unsecured and you properly listed the debt in the bankruptcy, then the debt has been discharge. If the creditor persists in violating the discharge order, the creditor could be held on contempt of court and held liable for fines and attorney's fees.
Can you force a company in receivership into bankruptcy?
Recievership is bankruptcy.
Who is handling the former Smurfit-Stone pension plan and how do you contact?
The former Smurfit-Stone pension plan is now managed by the Pension Benefit Guaranty Corporation (PBGC) if the company entered bankruptcy. You can contact PBGC through their website or by phone to inquire about the plan and benefits.
