When a business goes bankrupt, it means that it is unable to pay its debts and obligations. The business may be forced to close down, its assets may be sold to pay off creditors, and it may be subject to legal proceedings to resolve its financial issues.
it means that the company has limited liability. If the company goes bankrupt they loose only what they invest in the business.
If a bank goes bankrupt, your loan may be transferred to another financial institution or a government agency. You will still be responsible for repaying the loan, but the terms and conditions may change.
you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.
I have a claim on a car insurance policy with AIG. What are the chances of this claim being met?
If the bank that issued a loan goes bankrupt, the loan may be transferred to another financial institution or a government agency. The borrower is still responsible for repaying the loan, but the terms and conditions may change.
Nothing.
It means a bank goes out of business or goes bankrupt.
It can not pay its employees or pay for its services.
When a player goes bankrupt in Monopoly, all of their properties and assets are returned to the bank.
it means that the company has limited liability. If the company goes bankrupt they loose only what they invest in the business.
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.
If a bank goes bankrupt, your loan may be transferred to another financial institution or a government agency. You will still be responsible for repaying the loan, but the terms and conditions may change.
you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.
I have a claim on a car insurance policy with AIG. What are the chances of this claim being met?
If the bank that issued a loan goes bankrupt, the loan may be transferred to another financial institution or a government agency. The borrower is still responsible for repaying the loan, but the terms and conditions may change.
When one goes bankrupt, one's debts are cancelled.
Stockholders face the risk of losing their investment if a corporation goes bankrupt.