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What happens if your bank goes to bankruptcy and you owe money to them?
Wiki User
∙ 15y ago
You still owe money.
Wiki User
∙ 15y ago
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Is it difficult to repair credit after a bankruptcy?
Yes, it is very very difficult to repair credit after a bankruptcy. Once an individual or a company goes to bankruptcy, then all of the belonging of them are taken by the bank & thus there is nothing left to repair with.
What are the advantages in saving money in the bank?
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.
What is the use of ratio in balance sheet of a bank?
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.
Does Bank of New England Corporation stock still egsist?
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.
What happens when you default on your loan and the insurance company pays out on your loan?
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".
What happens to the donated blood?
it goes to a blood bank
Is it difficult to repair credit after a bankruptcy?
Yes, it is very very difficult to repair credit after a bankruptcy. Once an individual or a company goes to bankruptcy, then all of the belonging of them are taken by the bank & thus there is nothing left to repair with.
Can I still help contribute towards my elderly parents support if I file bankruptcy?
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 your company is owed money from a company that goes into Chapter 11 what do you need to do?
If a company goes into a Chapter 11 owing your company money, you need to submit a claim to the bankruptcy court yesterday.
What are the advantages in saving money in the bank?
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 Jaylynn goes to Raleigh and she goes to the bank then she will deposit some money. Jaylynn did go to Raleigh. Jaylynn did not deposit money. Which statement must be true Jaylynn did not go to Ralei?
She did not go to the bank.
What is the use of ratio in balance sheet of a bank?
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.
What is the use of ratio in the balance sheet of a bank?
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.
What is the use of ratios in a bank's balance sheet?
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.
What happens to property when someone dies with no next of kin?
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.
What happens to the deficiency of a repossession after chapter 7 bankruptcy is discharged?
IF you list it on the B/K. it goes away, you dont owe it anymore.
Does Bank of New England Corporation stock still egsist?
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.
