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Which term is assigned to a person or company that is reduced to a state of financial ruin?
Bankrupt
What term is assigned to a person or company that is reduced to a state of financail ruin?
A person that is in a state of financial ruin in bankrupt. They can be in a reorganization or in debt forgiveness.
Did Ford ever go bankrupt?
Henry Ford went bankrupt before he founded Ford Motor Company. Ford Motor Company has never went bankrupt.
Companies that went bankrupt?
us energy company that went bankrupt in 2001
Which company got bankrupt?
Your moms bacon company
Can the overselling of a stock cause a company to go bankrupt?
No, if anything it may prevent it.
Which term is assigned to a person or company that is reduced to a state of financial ruin?
Bankrupt
If you had a contract with a financial institution and they went bankrupt is the contract void?
If a financial institution goes bankrupt, your contract with them may not necessarily be void. The terms of the contract, bankruptcy laws, and court decisions will determine how the contract is treated during the bankruptcy process. It is advisable to consult with a legal professional for guidance on how to proceed in such a situation.
What is the difference between Financial and non financial institutions?
The main difference between financial and non financial institutions is in their functions. Financial institutions will accepts deposits and offer financial services like loans and so on while non-financial institutions do not engage in financial activities.
What does Citibank Pakistan offer?
Citibank Pakistan is a part of the global financial service company Citi. The company offers financial products and services to consumers, corporations, governments, and institutions.
What term is assigned to a person or company that is reduced to a state of financail ruin?
A person that is in a state of financial ruin in bankrupt. They can be in a reorganization or in debt forgiveness.
Did Ford ever go bankrupt?
Henry Ford went bankrupt before he founded Ford Motor Company. Ford Motor Company has never went bankrupt.
Companies that went bankrupt?
us energy company that went bankrupt in 2001
Which company got bankrupt?
Your moms bacon company
Who is responsible for a corporation?
The corporation is responsible for the corporation's debt. Normally, there is a financial officer who pays the bills. If the corporation fails and goes bankrupt, people simply do not get paid. If the company is bankrupt and there is money, a judge appoints someone to pay according to a plan.
What is a company that provides credit financial services?
Credit financial services are available from many different companies. Visa and MasterCard offer credit card services through various financial institutions.
Can you be a director of a company if you have been made bankrupt?
No
