declaring bankruptcy

Discussion in 'Investing For Beginners' started by justin matt, Sep 12, 2012.

  1. justin matt

    justin matt New Member Original Member

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    I'm not an expert, but I believed employee wages come first, then outstanding bills like suppliers who are owed money for products that have been delivered. Next is bond holders. Stock holders are last in line since they are basically the owners of the company. Usually if a company declares bankruptcy the stock holders got nothing since, if there are money left after all the other bills were paid, the company wouldn't have been bankrupt.





    declaring bankruptcy