Any stock or asset she has is able to be used o pay debts in the BK. Of course, stock in a Co that basically has littel or no vaue to anyone else just won't be of interest.
Depends on the type of bankruptcy you are filing. Generally a personal bankruptcy does not effect your business, and vise versa. However, if your business is filing bankruptcy, a Chapter 11 reorganization will allow you to stay in business.
The parent company is in bankruptcy and it is possible that they will go out of business.
can I start a new business if I'm going to file chapter 7 on my personal debt?
What company will insure you when in chapter 13 if you home is not covered in the bankruptcy. If you have current insurance and the company is going out of business.
Oh yes that's the one reason why people going through bankruptcy due to the mismanagement of money.
Nothing spectacular happens. And you are still liable for the loan payments. Most bankruptcy filings are for Reorganization, not for 'going-out-of-business'. The 'filing' of bankruptcy is done in a Bankruptcy Court. A judge oversees the orderly progression of the bankruptcy. If the finance corporation has filed for reorganization, then you will continue paying them -- because they are not going out of business Otherwise, your loan and every other loan will be sold to another financial institution -- and you will pay that new company. No matter what, you still have to pay the full amount of your loan.
Parent company, General Motors, decided that Pontiac was not a viable business plan for profitability when performing major restructuring during their bankruptcy in 2009.
NO, this man is a lie, a loose and a cheap and many people are going to lose their job when he once again file bankruptcy.
"No GE finance is not going bankrupt. A few years ago GE finance was close to bankruptcy, but they were able to reverse course and continue to thrive as a business."
No, a store owned by a franchisee in State College Pennsylvania has closed after the franchisee declared bankruptcy, but the Quaker Steak and Lube business and parent company are not going bankrupt.
No.
bankruptcy