If I Owe Money to a Company that is Going Bankrupt, Do I Still Have to Pay Them?
Yes, even if a company is going bankrupt, you still have to pay what you owe them. Why? Just because a company is going bankrupt does not mean your debt is eliminated.
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Yes, even if a company is going bankrupt, you still have to pay what you owe them. Why? Just because a company is going bankrupt does not mean your debt is eliminated.
If the U.S. Treasury went bankrupt, America would experience the largest depression in the history of the country. First, let’s look at how we reached this point in our country’s history. The
Whether you can file a civil lawsuit against someone who has filed bankruptcy is a complex question with more than one answer. Standard procedure is that per federal law, any collection efforts
People might ask "How is Donald Trump able to file for bankruptcy so many times?" The answer is "He didn't." Trump himself has never filed for bankruptcy. His corporations have filed for
The process of procuring a student loan can be time-consuming and complicated. Before you can apply for one of these loans, you’ll need to fill out the Federal Application for Student Aid.
Although the foreclosure crisis that swept the nation during the late 2000s has begun to abate, millions of homeowners remain unable to afford the payments on their mortgages. These hard-working individuals must
Although they're not secured by a home, vehicle or other valuable asset, student loans are governed by a different set of rules relative to other forms of unsecured debt. Whereas credit card
Regardless of the circumstances surrounding your bankruptcy filing, you may be unable to keep the news of your insolvency from spreading. In many communities, the stigma surrounding bankruptcy is powerful and may
Millions of marriages have been ended by financial disagreements. Millions more have been ended by poor financial decision-making. While marrying someone who has recently declared bankruptcy won't immediately damage your credit score
When you win a lawsuit and receive a judgment in your favor, you become an "unsecured" creditor of the losing party. Although you're entitled to receive the funds or property outlined in
Personal bankruptcy is relatively straightforward. Individual bankruptcy filers typically declare themselves to be insolvent when their debts become unmanageable. Once their case is in process, a bankruptcy judge divides their assets among
Shoddy finances shouldn't prevent you from fulfilling your civic duty and enlisting in the military. After all, the enemy doesn't care about the state of your personal finances. As a rule, a
American Education Services, a major student lender, provides federal loans from the Stafford and Perkins loan programs as well as a variety of private loan products. If you attended a pricey four-year
Some attempts to file bankruptcy end unsuccessfully. In fact, bankruptcy judges routinely dismiss Chapter 13 bankruptcy petitions for several common reasons. To avoid a costly and time-consuming mistake, familiarize yourself with these
When you file for a Chapter 7 bankruptcy, you'll begin a process through which the bulk of your tangible assets will be liquidated and distributed among your creditors. While your unsecured creditors
The prospect of building your credit with a cosigned car, home or personal loan is exciting. Your first big loan is a major milestone on your road to financial adulthood and can
Although your bankruptcy filing will do away with most of your unsecured debts and allow you to begin a new chapter in your financial life, it probably won't completely eliminate your need
Although your bankruptcy filing likely came as a welcome relief after years of struggling to make ends meet, the ongoing process has exposed you to some hard truths. Despite your best efforts,
Your lender may require a cosigner on your student loans for one of several reasons. Most commonly, they'll ask a parent, relative or beneficiary to step in and guarantee your loans because
When a person files for bankruptcy and the filing is accepted by the court, the person who now becomes a debtor receives immediate protection from any and all forms of collection and