0
By how many points did the Dow Jones fall when Lehman Brothers announced that they were filing for Bankruptcy?
The Dow fell 504 points the day that Lehman Brothers announced their bankruptcy. To be fair the 500 plus point drop can be attributed to the ever worsening credit crisis that is effecting the financial industry. Merrill Lynch was bought out by Bank of America on the same day as the Lehman announcement. It is becoming apparent that AIG and Washington Mutual are on the brink of collapse as well.
What else can I help you with?
What do lehman brothers do and why are they in trouble now?
Lehman Brothers was a global financial services firm that primarily engaged in investment banking, trading, and investment management. They faced significant trouble during the 2008 financial crisis due to their heavy exposure to subprime mortgages and risky financial products, leading to massive losses. Ultimately, their inability to secure funding and investor confidence resulted in the firm filing for bankruptcy, marking one of the largest bankruptcies in U.S. history and triggering a widespread financial crisis.
How often do bankruptcy attempts fail and why?
Bankruptcy laws are being tightened up. Although overall bankruptcy reform is still tied up in Congress. The honest consumer who has fallen on hardtimes for whatever reason will not have a problem getting a bankruptcy discharge. The majority of filings are simple and done in a timely manner. Those that are dismissed are due to the result of use of fraudulent information, faults in documentation, etc. Sometimes the trustee will decide the debtor has the ability to repay at least a portion of the debt and will deny a Chapt. 7 filing in lieu of a 13. Any dismissal by a trustee can be appealed.
Does bankruptcy affect immigration to Australia?
Yes. If you are filing to sponsor someone you will need to fill out an Affidavit of Support stating you can support this person in the US without being on public assistance. You have to meet 125% of the poverty line, as stated on the forms you can download at www.uscis.gov. If you filed bankruptcy you are not an eligible sponsor and you will need a co-sponsor (mother, father, someone who makes 12% of the poverty line).
How long does the bankruptcy process take?
Chapter 7: about six months from filing to closing. The first meeting of creditors ("341 meeting") is about a month after filing, then 45 days to take the financial management class and file the certificate. Discharge shortly after. Chapter 13: anywhere from a month to five years (60 months). Both timelines assume no problems that extend the time needed to complete.
Where do most court cases begin?
Most federal cases begin in the district courts.
What is the largest bankruptcy in American history?
Lehman Brothers HoldingsDate of bankruptcy filing: 09/15/08Assets: $691 billion
Why did the Lehman brothers fail?
Lehman Brothers failed primarily due to its heavy exposure to subprime mortgages and risky financial products, which became unsustainable during the 2007-2008 financial crisis. As housing prices plummeted, the firm faced massive losses and a liquidity crisis, leading to a loss of investor confidence. Despite attempts to secure capital and find a buyer, Lehman was unable to stabilize its finances, ultimately filing for bankruptcy on September 15, 2008, marking one of the largest bankruptcies in U.S. history and significantly contributing to the global financial crisis.
What do lehman brothers do and why are they in trouble now?
Lehman Brothers was a global financial services firm that primarily engaged in investment banking, trading, and investment management. They faced significant trouble during the 2008 financial crisis due to their heavy exposure to subprime mortgages and risky financial products, leading to massive losses. Ultimately, their inability to secure funding and investor confidence resulted in the firm filing for bankruptcy, marking one of the largest bankruptcies in U.S. history and triggering a widespread financial crisis.
Will your credit rating be affected by your partner filing bankruptcy?
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
In order to file bankruptcy must you have a bankruptcy attorney?
If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.
Should a Christian file bankruptcy?
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
How can you find out if a garnishment has been stopped by filing bankruptcy?
Bankruptcy will not stop a garnishment. You cannot set aside civil judgments by filing bankruptcy.
Does having a car in repo effect filing for bankruptcy?
No - having had a car that was re-possessed will not affect the filing of a Bankruptcy.
In a Chapter 7 bankruptcy a person filing for relief is called a?
In a Chapter 7 bankruptcy, a person filing for relief is called a
Is Monrovia Nursery filing bankruptcy?
Nope. Monrovia has not filed for bankruptcy
Can you avoid criminal charges by filing bankruptcy?
No. Bankruptcy is a civil act.
Can you get a series 65 after filing bankruptcy?
NO
