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An organizations benefit plans purchase insurance with the WHOM OR WHAT which insures pension moneys in the event that the company goes bankrupt?
The Pension Benefit Guaranty Corporation, or PBGC is responsible for insuring your pension benefits. In most cases, your pension benefit would be insured up to certain limits. For 2009, a 65 year old has a maximum insured benefit of $54,000 annually. So, as long as your pension benefit is equal to, or less than this limit, you'd still have your full pension benefit even if your company goes under or the pension plan terminates.
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.
Will i get my money back if my travel agency goes bankrupt?
Not likely. Bankrupt means that they have no money.
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.
Is it true that market failure occurs when a company goes bankrupt?
Yes, it's true.
What should you do if your state goes bankrupt?
move.
In concrete terms what would happen to Iceland if the Icelandic government goes bankrupt?
Governments can't go bankrupt. They just have to work their way out of their dept.
If gm goes bankrupt what will pbg pay on a retirees pension?
For 2009 benefits are limited to those 65 years of age or older and about $54,000 annually in benefits.
When could I lose my pension?
You could lose your pension if you fail to meet the vesting requirements, leave your job before becoming fully vested, or if the company managing your pension plan goes bankrupt or is unable to meet its financial obligations. Additionally, pension benefits could be reduced or lost if the plan is underfunded or if changes are made to the plan terms.
An organizations benefit plans purchase insurance with the WHOM OR WHAT which insures pension moneys in the event that the company goes bankrupt?
The Pension Benefit Guaranty Corporation, or PBGC is responsible for insuring your pension benefits. In most cases, your pension benefit would be insured up to certain limits. For 2009, a 65 year old has a maximum insured benefit of $54,000 annually. So, as long as your pension benefit is equal to, or less than this limit, you'd still have your full pension benefit even if your company goes under or the pension plan terminates.
What will bankrupt solve?
When one goes bankrupt, one's debts are cancelled.
If i cosigned on a loan then the person goes bankrupt then they default on a bankrupt what happen?
You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.
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 the government if a company goes bankrupt?
Nothing.
