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What else can I help you with?
What happens to the government if a company goes bankrupt?
Nothing.
The significance of the word 'limited' in the name of a company?
it means that the company has limited liability. If the company goes bankrupt they loose only what they invest in the business.
What happens to your warranty when a company goes bankrupt?
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 mortgage company goes bankrupt can the company that bought them out legally collect on your old debt?
Yes.
Is it true that market failure occurs when a company goes bankrupt?
Yes, it's true.
If a collection agency goes bankrupt how does someone find out who owns the debt?
Even if the collection company goes bankrupt, you still owe the bank whatever money you borrowed from them. The bank hires the collection company to get that money, so you still owe them
What happens to shareholders when a company goes bankrupt?
When a company goes bankrupt, shareholders may lose the value of their investment as the company's assets are used to pay off debts to creditors. Shareholders are typically last in line to receive any remaining funds after creditors and bondholders are paid.
Does a lien hold if the company goes bankrupt?
unless it is written off by the court, it does. I would assume that it would be listed as debt by the party going bankrupt.
What happens to a publicly traded company when its stock goes to zero?
you can claim a CAPITAL GAIN LOSS ON YOUR TAX RETURN FOR THE YEAR IF THE COMPANY GOES BANKRUPT that's it.
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.
What will bankrupt solve?
When one goes bankrupt, one's debts are cancelled.
What risk do stockholders face if a corporation goes bankrupt?
Stockholders face the risk of losing their investment if a corporation goes bankrupt.
