What happens to the debt in an acquisition?
Posted December 15, 2009 – 8:22 pm in: Personal FinanceWhen company A pays a 15% premium to acquire the stock of company B, what happens to the debt of commpany B? Does company A absorbed the debt, pay it off? Is company B responsible for paying it off?
7 Comments | Tags: acquisition, debt, happens
What happens when a debt goes to a lawyer for debt collection?
Posted November 22, 2009 – 5:20 pm in: Personal FinanceI have been out of work for a while and became unable to pay on a credit card debt. It has been about 90 days since my last payment and I just got a letter from a law firm stating they will be pursuing collecting the debt. I am still out of work and have [...]
5 Comments | Tags: collection, debt, goes, happens, lawyer
What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy?
Posted October 27, 2009 – 12:40 pm in: Personal FinanceWhat happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy? No payments have been made in 14 months…Bankruptcy discharged in June of this year. Finance company has our current address and phone number.
2 Comments | Tags: Bankruptcy, been, Company, discharged, finance, happens, never, repossesses, vehicle
