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.
1 A first time bankrupt with no surplus will be bankrupt for 9 months (unless opposed). 2  A first time bankrupt with surplus will be bankrupt for 21 months (unless opposed). 3  A second time bankrupt with no surplus will get an automatic bankruptcy discharge after 24 months (unless opposed). A first time bankrupt with no surplus will be bankrupt for 9 months (unless opposed). 2  A first time bankrupt with surplus will be bankrupt for 21 months (unless opposed). 3  A second time bankrupt with no surplus will get an automatic bankruptcy discharge after 24 months (unless opposed).