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Results tagged with bankruptcy
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user 25282
relating to organizations or individuals running out of cash flows. Additional context specific tags may be used as appropriate.
2
votes
How could this sort of bankruptcy fraud be caught?
This should be caught by the creditors in the bankruptcy proceeding. In particular, in construction, the "service" tends to create an asset. … If the asset was not present in the bankruptcy, then they would investigate the actual ownership. …
- 21k
36
votes
Opportunity to buy Illinois bonds that can never default?
If Illinois cannot go bankruptcy
This is missing a few, very important words, "...under current law." … The United States changed the law so as to allow Puerto Rico to go into a form of bankruptcy. …
- 21k
16
votes
Someone please help with my credit situation
Bankruptcy will not itself fix the problems you describe. You are living beyond your means. Bankruptcy might make you stop living beyond your means. … Bankruptcy
One of the largest effects of bankruptcy is that it forces you to act like this. They offer you even less credit at worse terms. You won't be able to shop on credit anymore. …
- 21k