What happens to a short position when the company goes bankrupt?
409650
you sell 100 shares of a stock that u have have at $1; u would have $100 in your margin account. When the company file by bankrupcy, the stock would be worthless. Let say it would trade for 2 cents; u buy it back for 2 cents to cover margins. u would have a profit of $98 minus commision and margin interest.
279848
How much interest are you going to pay me and how do you plan to pay me if your business fails?
222806
if it is a significant amount of money, you need a lawyer. my guess would be that failing to initial one spot would be viewed as an oversite and not a reason to void the contract.
1115173
the job that is cash under the table you can post on a resume it won't get them in any trouble unless you are applying for a government job and they pull up your record of employment. then both you and the company will be in trouble, its called tax evasion
551002
Is this with a bank? or an individual? \nUnfortunately, this is considered a "high risk" industry, and therefore, the bank will most likely decline any funding if your credit rating has deteriorated, and the net worth & net income of the company is not showing profits. \n\nYou need to talk to the person, and ask them, if there is some way you can discuss other options, than them demanding the loan in full? \n\nFailing this, you need to assess whether you should stay in the business, I know it is tough, but if you are having a hard time paying now, what will change significantly to make you pay later? \n\nThis, may be the toughest realization, but it is what you need to consider.  \nI am not sure what you signed as security for the loan, however, you may have some options, and I would approach your Bank to discuss what the options may be.  Worst case, is bankruptcy, but there is a lot of decisions and choices in between. \n\nGood luck to you.
449140
Yes, a company is responsible in most cases when you are laid off. They are obligated to pay your unemployment. If you were hurt on the job, they are responsible for Workman's comp.
68469
Yes, it's the right thing to do and will only look positive for your employer.\n\nIf you keep hold of it, you can be sure that when they do discover it, it will be a week that you are a little short already.
520222
Well, your stock is not worthless, its worth $3 per share right now (and thats up from just $2 per share a few days ago), you can simply open an account and sell it if you want.\n\nNo telling what the stock will do from here.  They filled a Chapter 11 bankruptcy (reorganization), not Chapter 7 (liquidation), meaning they are trying to cut costs, sell whatever they can, and emerge from the bankruptcy.  When (if) they emerge they will try to give the stockholders as much value/ownbership of the new company as they can, but no telling what they will be able to give you (if anything).  \n\nThey may say we had to give 90% ownership to other people to get enough money to reopen, or they may be able to get money to reopen with less (or more) of the company given away, again no way to tell (or they may never get the money to reopen and they will eventually end up liquidating the company and then you'll almost certainly get nothing)\n\nSo, you can just sell what you have for 3$ per share (as of today), or you may want to say what the heck lets roll the dice and see what happens, and hold on to the stock (realizing down the road you could get alot more or alot less than that 3$ per share, again very hard to say).\n\nGood luck with it.\n\nBy the way, here is the link to your stocks current sell price.\n\nhttp://finance.yahoo.com/q?s=DCNAQ.PK
212510
try typing in bankrupt companies in www.ask.com this should help you!
932744
He could end up with some serious legal consequences for violating a contracted agreement. At the very least he could be terminated with cause and expect to receive no unemployment benefits depending on the details of the situation and the companies Human Resource policies.
629542
position cant be filled if they didnt send you a termination notice or a letter stating that you were laid off so yeah go to the higher ups they will be able to help you maybe they are going to put you somewhere else but in any event follow up with your human resource department if that doesnt make it make a dame complaint
979782
Do not admit it!\nWhat is the worst that can happen? You will get fired. But if you said the truth you will not get the job in the first place!
366377
They hire you first as a short term contract employee (you sign a short term contract).  If they like you after the contract, they may offer you a real position ("hire" you)
166202
that is actually pretty typical when a company/organization is taken over by another or a sale is finalized.  Be SURE to check things out and make sure that you WANT to stay there.  Often times when a corporate take over occurs, there are HUGE changes in salaries and benefits.
894275
Hello,\n\nIf an employer no longer needs you to do your job and cannot find your an agreeable alternative job in the company, then they give you redundancy pay.\n\nBasically, they pay you to leave your job.\n\nThanks
642287
You need legal and your accountants advice on this one, but as I understand it as a general rule the following applies, as a limited company the directors are liable for the share capital invested so if you have 1000 £1 shares the liability is £1000, if the company is liquidated the state is first along with the liquidators and then the remainder of the liquidated business is shared amongst creditors, for example 25p per pound, so if a creditor is owed £100 they get £25 as settlement.  The company directors personal assets are beyond reach unless personal guarantees are signed, fraud or misconduct has taken place.  As a limited company the directors are not personally liable so bankruptcy may not be the option to take.  GET LEGAL AND FINANCIAL ADVICE URGENTLY!!
654813
The company is bankrupt, meaning as an owner, your shares are worthless.\n\nHowerver, if you have the stock certificates, you can sell them on eBay.\n\nEnron stocks were going for $50 per piece of paper to folks who collect such things.