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14y ago

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What will bankrupt solve?

When one goes bankrupt, one's debts are cancelled.


What risk do stockholders face if a corporation goes bankrupt?

Stockholders face the risk of losing their investment if a corporation goes bankrupt.


Is the spouse of a deceased co-signer responsible to pay back a debt if the borrower goes bankrupt in the state of Georgia?

No. Georgia is not a community property state.


If a company goes bankrupt do you still get work comp?

Yes...that is actually paid by either an insurance company or a state plan.


Will i get my money back if my travel agency goes bankrupt?

Not likely. Bankrupt means that they have no money.


What does it mean when a bank fails?

It means a bank goes out of business or goes bankrupt.


What happens to my money if a bank goes bankrupt?

If a bank goes bankrupt, your money is typically protected up to a certain limit by the government through deposit insurance. This means you should be able to recover your funds, but it may take some time and there could be restrictions on the amount you can access.


What happens to the government if a company goes bankrupt?

Nothing.


How do you use bankrupt in a sentence?

Due to the state of our economy, many businesses have gone bankrupt.


What happens to your warranty when a company goes bankrupt?

If the Bankrupt company is just the retailer then the warranty is still covered by the manufacturer. If the manufacturer goes bankrupt then the retailer covers the warranty. The seller is responsible for a warranty. Clearly if the seller is the manufacturer and they go bankrupt then it's most unlikely that the warranty will remain in force.


Is blansett pharmacal bankrupt?

If they're not bankrupt yet, they soon will be!! All the money made (if any) goes into LB's pockets.


What happens to my money if my bank goes bankrupt?

If your bank goes bankrupt, your money is typically protected by the government up to a certain limit, usually around 250,000 per depositor per bank. This means you should still be able to recover your funds, but it may take some time and paperwork to do so.