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.
That being said, the phone company has a say in that as well. If youâve been fine with your cell phone payments when you file for bankruptcy, your cell phone likely wonât even be a factor. But if itâs been a problem, then you may have to work something out with your cell phone company. It all depends on your situation. Overall, cell phone debt can be stressful if you donât know how to deal with it properly and if you canât get everything together in order to make sure that youâve got what you need.