Posts Tagged ‘private investors’

When a corporation files for Bankruptcy who is responsible?

I know a company can file for different types of Bankruptcies, like Chapter 11 which allows a company to reorganize, or Chapter 7 which involves the process of Liquidation….but my question is, once a company has declared Bankruptcy, who in the company is actually responsible for going through with everything? The CEO and CFO? The stockholders? The private investors? The federal government?
Like, what if a company files Bankruptcy and they owe their investors money….what if they are unable to repay the investors, even after the liquidation process?

Technorati Tags: , , , , , , , , ,

Alternative to bankruptcy???

Does anyone know of something besides bankruptcy to get credit cards paid off? Any private investors that do that sort of thing…lend money at a low interest rate? I’m not even sure that we could file for bankruptcy because we are not behind on any payments. Some how we are getting by, but are having to charge stuff, because once we make the minimum payment we have no money left. We own a home, but hasn’t been long enough to get any equity out of….any suggestions out there??

Technorati Tags: , , , , ,

I went through a chapter 13 bankruptcy last year. How do I get re-financing for some properties?

I have consitently paid on my chapter 13 to the courts for about 1-year now. However, I am still behind on some properties I own and need to refinance everything I ahve. Any ideas? No the bankruptcy ahs not been discharged. ASny private investors out there who will take a chance on a guy who wants to turn it around and wants to start over?

Technorati Tags: , ,

-->