Sure. Although most insurance type contracts and companies have some State oversight to prevent, or compensate, under such an event.
When one goes bankrupt, one's debts are cancelled.
Stockholders face the risk of losing their investment if a corporation goes bankrupt.
Not likely. Bankrupt means that they have no money.
move.
It means a bank goes out of business or goes bankrupt.
Nothing.
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 they're not bankrupt yet, they soon will be!! All the money made (if any) goes into LB's pockets.
When a player goes bankrupt in Monopoly, all of their properties and assets are returned to the bank.
Aqualung, "Brighter than sunshine". Aqualung, "Brighter than sunshine".
It can not pay its employees or pay for its services.
Travel Guard insurance can cover you if you get sick and can't keep your flight, a cancelled flight, even if the flight company goes bankrupt you and your travel plans will be safe.