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Is there a class action suit against Calpine corporation on securties fraud during bankrupcy?
Wiki User
∙ 15y ago
I think you may get the information about a class action suit against Calpine corporation on securties fraud during bankrupcy from www.law360.com/company_articles/4707/5?start_page=1
Wiki User
∙ 15y ago
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The Federal Crop Insurance Corporation managed by this department sells insurance to protect against problems with weather insects and disease?
The Federal Crop Insurance Corporation managed by this department sells insurance to protect against problems with weather insects and disease is agriculture.
If you default on personal credit can a lien go against a business checking account?
Depends on how your business is set up - sole proprietor, corporation, limited partnership, etc.
What does it mean when banks are insured by the FDIC?
Banks that are insured by the Federal Deposit Insurance Corporation are insured against loss as a result of the bank defaulting or otherwise being unable to repay a customer's money.
What is the meaning of the acronym HDFC Sec?
The acronym HDFC Sec stands for Housing Development Finance Corporation Securities. the HDFC offer loans against securities, that allow you to use your investments without having to sell them.
Why are some businesses legally organized as partnerships rather than as corporations?
The choice of the form in which business owners want to do business (i.e., as a partnership or a corporation) depends on what the owners consider to be most advantageous for them. The advantages of having a partnership is that all owners have an equal say in all partnership decisions, and they share profits equally (unless they have a partnership agreement that states otherwise). If a business's owners want to be the ones actively managing the business, they'll want to manage the business as a partnership. In a corporation, the owners are the shareholders, and shareholders can generally sell their ownership interest freely. But even though they are the owners of a corporation, unless the corporation is very small (and special rules apply to small corporations) the shareholders do not manage the corporation or make business decisions for it. Instead, the shareholders elect a board of directors, and the directors choose the executives who will manage the corporation's business. But it is possible for a small corporation composed of a few people to become an LLC instead of a partnership. However, they must comply with the relevant law to do that, and that includes filing with the state. A second advantage of operating as a parnership is that, if people do business as a partnership, they don't have to file separate income tax returns for the partnership. Instead, each partner simply reports his share of partnership income on his or her own personal income tax return. A third advantage of operating as a partnership is that no filing with the state is required. To set up a corporation, legal documents have to be prepared and filed with the state of incorporation, and there are fees involved. Furthermore, a corporation must pay income taxes and file its own income tax return annually. But there are disadvantages to operating as a general partnership. If people are doing business as a partnership, they can each be held personally liable for harm caused by any of the partners if the partnership is sued. So if partner A commits a tort in the course of business and is sued by an outsider, the outsider can sue not only partner A, but all of the other partners separately, as well as the partnership. And if the outsider wins damages that are more than the partnership assets are worth, the partners have to make up the difference out of their own money. And what is worse, the partners are jointly and severally liable. So if your partner commits a tort and a third party sues you and your partner as well as the parnership, the plaintiff can choose to collect the entire amount of the judgment from you, and you would have to try to get the other partner to contribute his share. Clearly, doing business as a general partnership requires a great deal of mutual trust among the members. The chief advantages to doing business as a corporation are: 1) Perpetual existence: When a partner leaves or dies, a partnership is technically dissolved by that event. Partnership agreements can provide otherwise, though. But a corporation can, in theory, exist forever, because in the eyes of the state, a corporation is a separate entity, apart from its owners. 2) Free transferability of ownership interest: Shareholders of a corporation can usually sell their shares at will. 3)Limited liability: this is the major advantage of doing business as a corporation. If a third party wins a judgment for damages against a corporation, he can collect only out of the assets of the corporation, and not out of the personal assets of the owners. But a corporation must adhere to the laws governing corporations to get limited liability treatment; if the corporation was merely set up as a "dummy corporation" without sufficient funds or assets, a court may treat it like a partnership, so the the personal assets of individuals could be attached to satisfy the judgment.
Can a personal garnishment be placed against a corporation if you are an officer of that corporation?
No.
Can a personal garnishment be placed against a corporation?
No.
Can personal property be seized from the president of a corporation that has a judgment against it?
No personal property of an indivual officer of a corporation may be seized to pay a corporate debt. This is so even if that individual is the person responsible for the claim against the corporation. As long as the judgment is against the corporation, only corporate assests may be seized. Sometimes plaintiffs in actions against corporations try to get judgments against the individual officers or shareholders as well as the corporation itself by means of a legal theory called "piercing the corporate veil". This is usually not successful. But even if the plaintiff were successful and got a judgment against the corporation and the individual, the individual's property would not be subject to seizure because of the judgment against the corporation. His/her property would be subject to seizure because there would be a judgment against him/her personally. This is the whole purpose of the corporate structure to begin with, that is, the ability to run a business without fear of personal liablity.
If you own a house with your same-sex roommate and her two daughters if a creditor gets a Writ of Execution against you how can you stop them from seizing the property?
you might be able to file bankrupcy and claim the property as an essential resource. It might work.
Can one business invest company money into another business?
A corporation is often referred to as an 'artificial person.' Thus, speaking in general terms only, a corporation can do whatever an individual person can do. In principle (although this might vary from jurisdiction to jurisdiction), there is no general prohibition against a corporation investing in another corporation, in the same way that there is no general principle against an individual person investing in a corporation. For legal advice in any such matter, however, please consult a lawyer.
What is corporate hedging?
it is a way that a corporation can protect itself against the foreign exchange rates
What type of lawyer handles discrimination cases against major corporation?
Business laywer
The federal crop corporation managed by this department sells insurance to protect against problems with weather insects and disease?
The federal crop corporation managed by the agriculture department sells insurance to protect against problems with weather insects and disease.
How long can a lien be held against a corporation if its dissolved?
a dissolved corporation is not a corporartion. a superior court judge will hear any case to see if the "veil" of the corporation can be punctured. If so, the lien holder can sue the officers separately.
What does ltd stands for in business?
Limited. It refers to a type of corporation formed to protect the assets of the owners; generally, only the assets of the corporation are "reachable" by a judgement against the company.
How can I block someone from wiping out my judgment against them through bankruptcy - KC MO?
You can't. The only things that hold up through bankrupcy are things like credit card debt etc. If you want to find out for sure though, call a lawyer.
The Federal Crop Insurance Corporation managed by this department sells insurance to protect against problems with weather insects and disease?
The Federal Crop Insurance Corporation managed by this department sells insurance to protect against problems with weather insects and disease is agriculture.
