If a company goes bankrupt, what happens to the retired?
My grandfather used to work for an auto-company, and is able to survive because of the retirement checks and insurance from that company. If the company he used to work for goes bankrupt, will he still get the retirement check and insurance? Are these funds separate from the company?
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Categories: information on bankruptcy Tags: auto company, insurance, retirement check, retirement checks
How does General Motors going bankrupt affects our economy?
Why can’t we let it go bankrupt if it’s not making money? Why would you give money to a company that can’t make money back?
Is it possible that at some point a foreign auto company could take over GM with 51% by their decreasing stock price?
Nobody really cares for American cars nowadays except those rental companies, so what’s the point of keeping it?
welll.. with GM gone, they can get jobs at Japanese auto plants based in US.. so they can expand and make even nicer cars for the consumers.. American cars suck anyway.
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Categories: information on bankruptcy Tags: american cars, auto company, consumers, foreign auto, gm, japanese auto plants, jobs, making money, stock price