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2. Bankruptcy - Wikipedia

   en.wikipedia.org/wiki/Bankruptcy

   In Canada, bankruptcy always means liquidation. There is no way for a company to emerge from bankruptcy after restructuring, as is the case in the United States with a Chapter 11 bankruptcy filing. Canada does, however, have laws that allow for businesses to restructure and emerge later with a smaller debt load and a more positive financial future.

3. Insolvency - Wikipedia

   en.wikipedia.org/wiki/Insolvency

   Although the term "bankrupt" may be used referring to a government, sovereign states do not go bankrupt. This is so because bankruptcy is governed by national law; there exists no entity to take over such a government and distribute assets to creditors. Governments can be insolvent in terms of not having money to pay obligations when they are due.

4. Bankruptcy in the United States - Wikipedia

   en.wikipedia.org/wiki/Bankruptcy_in_the_United...

   Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...

5. When should I file for bankruptcy? - AOL

   www.aol.com/finance/file-bankruptcy-011643245.html

   Filing for bankruptcy should be a last resort, but it can help. Chapter 7 requires a means test but will eliminate most of your debt, and you may see a rebound in your credit score in just a few ...

6. What Happens to the Stock of a Company That Goes Bankrupt? - AOL

   www.aol.com/happens-stock-company-goes-bankrupt...

   The good news is, just because a company goes bankrupt doesn’t mean it’s been given the kiss of death. Depending on the type of bankruptcy and the company involved, it can still operate and ...

7. What happens if your mortgage company goes bankrupt? - AOL

   www.aol.com/finance/happens-mortgage-company...

   If the insured bank or credit union does indeed go into bankruptcy, its governing agency will come in to manage the company’s assets – including mortgages. For banks, this is the Federal ...