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C.G.B Spender

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Alias Born 10/14/2013

C.G.B Spender

Re: runncoach post# 4428

Wednesday, 08/03/2016 10:23:26 PM

Wednesday, August 03, 2016 10:23:26 PM

Post# of 4713
100% Correct, There's nothing here, Only debt that this "company" can't pay...

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

https://www.sec.gov/investor/pubs/bankrupt.htm

Anything that I post is just my opinion and should NOT be construed as any form of investment advice, Trade at your own risk.

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