What is the so-called Deep State? Here's what you need to know about an obscure term making the rounds in the White House President Trump's Allies Keep Talking About the 'Deep State.'
The investors who take the least risk are paid first. For example, secured creditors take less risk because the credit that they extend is usually backed by collateral, such as a mortgage or other assets of the company. They know they will get paid first if the company declares bankruptcy. Secured Creditors-often a bank, is paid first. 2  Unsecured Creditors-such as banks, suppliers, and bondholders, have the next claim. 3  Stockholders-owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are not fully repaid.
Share on Google Plus. If you are being sued for an unpaid credit card bill, filing for bankruptcy relief can stop the lawsuit and discharge your obligation to pay back the debt.Read on to learn more about how bankruptcy can stop the credit card companyâs lawsuit.f a credit card company has already filed a lawsuit against you to collect its debt, it cannot proceed any further while the stay is in effect without permission from the bankruptcy court.