You still owe money.
It all depends on the proceedings in the bankruptcy court, the amount of assets to be re-organized or liquidated, what kind of bankruptcy, and the kind of stock you are talking about. No one can effectively answer this question without more specifics from you.
it goes to a blood bank
If a bank goes under, your checking account is insured, but they will no longer honor checks or provide any other services. It may take some time to get your money back.
The trustee may require proof that they require your support. If your "support" money goes into a bank account and is not used to pay bills, you will have a problem.
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
If a company goes into a Chapter 11 owing your company money, you need to submit a claim to the bankruptcy court yesterday.
The ratio is the formula used by the bank. It is usually speaking of the money that comes in versus the money that goes out.
Depends- if it was a chapter 7, then the bank can sue the co-signer for the full amount. If it iwas a chapter 13, the creditor is prevented from taking any action against the co-signer for any consumer debt.
If the account had you as a beneficiary you can withdraw the money. If not then it goes through probate.
Typically property that cannot be claimed by kin when someone dies goes to the government. If money is owed on the house it is given to the bank.
She did not go to the bank.
IF you list it on the B/K. it goes away, you dont owe it anymore.
No. The Bank of New England Corporation was liquidated following its bankruptcy filing. Bank of America is the successor (following Fleet Financial Group). There is a small New Hampshire bank that now goes by the name Bank of New England.
the answer is simple really bank of England handels all money, monety goes to the high street banks from them hope that helps @(-_-)@ the answer is simple really bank of England handels all money, monety goes to the high street banks from them hope that helps @(-_-)@
A bank overdraft is when someone is able to spend more than what is actually in their bank account. Obviously the money doesn't belong to them but belongs to the bank so this money will need to be paid back; normally automatically done when money goes into the persons account. The overdraft will be limited. A bank overdraft is also a type of loan as the money is technically borrowed.
First of all, the money goes into the banks overall cash reserve. This money is then used by the bank to grant loans to other customers who may ask for the same. By collecting interest from those loan customers, the bank makes a profit.
What happens? the bank forecloses of course. The fact that the house is in a trust doesnt change anything.
Even if the collection company goes bankrupt, you still owe the bank whatever money you borrowed from them. The bank hires the collection company to get that money, so you still owe them
If the deposits in one bank are insured by the government sponsored deposit insurance whereas, in another bank this insurance is not available, it means that in case the first bank goes bankrupt, the government will give me my hard earned money that I put into my account with that bank, whereas it won't do anything if the other bank that does not have deposit insurance goes bankrupt and I stand to lose my hard earned money. So, I will deposit my money only in a bank that has the FDIC insurance on deposits available.
Bank use money to make money. When you deposit money into your bank a portion of that goes into the vault as a reserve the rest of it is given out as loans. When a bank makes a loan for say a car that money eventually makes it to another bank. You give the money to the dealership then they put it in the bank. Their bank then puts some in the vault as a reserve and lends the rest of it out as loans. So now the same money that belonged to your bank nows belongs to a third party and there are now two loans on the same money. This is how banks make up money.
If you owe the money, and the lender goes thru all the channels to collect, then yes a bank account can be levied.
the money either goes to the people that have died families or goes to the hospital to the people that are injured or badly hurt.
In most places the money goes to the BANK! Their name is on the title of the vehicle until you make all your payments and they sign a "release of lein".
No, in the United States banking system, when a bank loan is repaid, the money supply goes down by the amount of the principal that was paid off. When banks lend out money, that money is created out of thin air by a accounting journal entry, and the money supply goes up by the amount of the loan. When the loan gets paid off, that money disappears back into thin air and the money supply goes back down.
The FDIC is the Federal Deposit Insurance Corporation. It insures that money put in to your bank will be given back if the bank goes bankrupt.