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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Bankrupt"

If a life insurance company goes bankrupt, what happens to whole life insurance benefits?

My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it’s strange that he had to pay $700 more to this insurance company as an “adjustment”(?) recently even though the policy was fully paid for a long time ago. Is this normal? … Read entire article »

Filed under: Bankruptcy Info, Bankruptcy Law, Insolvency

What happens to stock if the company goes bankrupt but then comes back into business?

I have purchased some stock of CIT when it was $.30 . For about 3 months it went about and down in value and then eventually the company when bankrupt. Now its out of bankruptcy and the stock is work $29. I never sold or gave up my stock, so are they still something? … Read entire article »

Filed under: Bankruptcy Info

If a company goes bankrupt, what happens to the retired?

My grandfather used to work for an auto-company, and is able to survive because of the retirement checks and insurance from that company. If the company he used to work for goes bankrupt, will he still get the retirement check and insurance? Are these funds separate from the company? … Read entire article »

Filed under: Bankruptcy Info

What happens if a company goes bankrupt and you have credit cards?

If a company goes bankrupt, and you have a credit card with them, what happens? Does it clear or do you still owe the payments? Just curios.. … Read entire article »

Filed under: Bankruptcy Info

Own stock in company that has gone bankrupt?

I bought stock in a company in 2000. The company went bankrupt in 2001. I still have the stock in my brokerage account. Can I still claim capital loss on those shares in this year’s tax return? … Read entire article »

Filed under: Bankruptcy Info

What happens to my stock if a company goes bankrupt?

I own stock in a company that is facing bankruptcy. Will I lose my stock if the company is acquired by another company or will I lose my stock if they go bankrupt and do a reorganization settlement/agreement with their creditors? … Read entire article »

Filed under: Bankruptcy Info

what happens if a bankrupt company cancels its common stock?

if a bankrupt company cancels its common stock upon coming out of bankruptcy. what happens to the stock that i hold. is it worthless are do they make an offer to us? … Read entire article »

Filed under: Bankruptcy Info

Jacksonville Bankruptcy Attorney: Who do I have to bankrupt

Lawyer Dinkins Grange discusses which creditors must be included in a bankruptcy. … Read entire article »

Filed under: Bankruptcy Law

How will I get a 1099 from a bankrupt company?

I worked as a contractor for a bankrupt company in 2009. How will I get a 1099 from that company. All invoices were paid by the company, none by the trust. … Read entire article »

Filed under: Bankruptcy Info

Chile Mining Company May Go Bankrupt

33 men trapped in a Chile mine appear hopeful that they’ll get out alive, but the company that put them there is dealing with major financial woes. Lawyers says the company can’t afford to pay the miners’ salaries and may go bankrupt. (Aug. 26) … Read entire article »

Filed under: Bankruptcy Info

Hoosier Park parent company bankrupt

The company that owns Hoosier Park is going to file for bankruptcy to help lower some of the millions of debt that hit owes. … Read entire article »

Filed under: Bankruptcy Info

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