estwil01 asked:


I did some cabling jobs for this company, I received a letter from their attorney saying that I have to pay back like $16,000 to this company. IS THAT LEGAL? The company filed Chapter 11 bankruptcy. What can I do.

andowings asked:


The company I work for has not paid their employees over the past three pay periods and now appear headed for bankruptcy court. Am I and my fellow employees still going to receive back pay if this happens?

cowgirl asked:

Is this like a government bailout? After all a chapter 7 bankruptcy is a federal case. So if large corporations get bailed out of their financial mess then why not individuals who are in need of help?

Dusty909 asked:


I believe that the US government is on the verge of bankruptcy, and that when/if this occurs, it will cause a collapse of the US dollar. My question is what effect this will have on other currencies such as the Canadian dollar or Euro. What is the safest currency to be in when/if this occurs?

Messenger of God asked:

The United States Government has invested billions of tax payer dollars into GM, Chrysler and Ford. I personally been against the government being involved with private industries and financial institutes.

newcastle asked:


Bankruptcy was final close to 2 years ago and now I only have one C.C. (credit card) that I pay as soon as I use on a monthly basis for $300.00. I would like to know if there is anything else I could do to improve my credit & how long does it take?

clueless asked:


My car had toll violations and couldn’t afford to pay for them. We’ve filed for bankruptcy and included the toll violations as well. How do I go about registering my car? Will DMV let me?

crazysoccerstarr@sbcglobal.net asked:


How long does it usually take for a company to emerge from bankruptcy protection?

missingmyarmysoldier asked:

I want to re-enlist in the military and well my credit is bad mostly medical, and I want to file for bankruptcy and then finish college to become an officer will this effect me becoming an officer in any of the military Branch’s?
Btw forgot to add the medical condition was from my apendix being taken out and i didnt have medical insurance for it, ran up almost 20,000 in hospital bills.

sammik asked:


If a company files bankruptcy and are bailed out, do they have to pay off all of their debts? Are they able to come back out of bankruptcy without being bailed out? How exactly does it all work?

When the company files for bankruptcy, what all does that imply?