Comments on: What happens to clients when a bank goes bankrupt? http://assetsforbankruptcy.com/what-happens-to-clients-when-a-bank-goes-bankrupt What Counts as Assets in a Bankruptcy Filing? Thu, 19 May 2011 11:14:05 +0000 hourly 1 http://wordpress.org/?v= By: Scott K http://assetsforbankruptcy.com/what-happens-to-clients-when-a-bank-goes-bankrupt/comment-page-1#comment-825 Scott K Tue, 18 May 2010 22:49:46 +0000 #comment-825 A bank is only as good as their insurance. If it isn't FDIC (Federal Deposit Insurance Corporatiion) protected, your deposit isn't insured. There are other insurers for credit unions, savings and loans, etc. The insurance is only good up to $100K per account. I'm wondering, though, if you aren't talking about Bear Stearns? In that case, it was the shareholders, not the depositors who were burned. The government ponied up for the accounts and the bank was purchased by JP Morgan at a bargain basement price. A bank is only as good as their insurance. If it isn’t FDIC (Federal Deposit Insurance Corporatiion) protected, your deposit isn’t insured. There are other insurers for credit unions, savings and loans, etc. The insurance is only good up to $100K per account. I’m wondering, though, if you aren’t talking about Bear Stearns? In that case, it was the shareholders, not the depositors who were burned. The government ponied up for the accounts and the bank was purchased by JP Morgan at a bargain basement price.

]]> By: mark vincent l http://assetsforbankruptcy.com/what-happens-to-clients-when-a-bank-goes-bankrupt/comment-page-1#comment-826 mark vincent l Tue, 18 May 2010 22:49:46 +0000 #comment-826 Yes thats correct that not all of the share or deposit of member/depositor may return but sometimes it depend on the insurance company they have,, Heres some tips when you have a bigger amount of money deposited in 1 bank and it will going to bankrupt, you may subdivide your account into diff. name with in your family depending on the amount insured per individual. Yes thats correct that not all of the share or deposit of member/depositor may return but sometimes it depend on the insurance company they have,,
Heres some tips when you have a bigger amount of money deposited in 1 bank and it will going to bankrupt, you may subdivide your account into diff. name with in your family depending on the amount insured per individual.

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