Hot Student Stories
top-5-grammar-and-spelling-checkers-to-rock-in-2019

Typically, when a business is owed money by a company that files for bankruptcy, the business will...

Megan Page

in Business

follow
followin
1 answer
4 views

1 answer


Eric Morgan on January 14, 2018

When a company has declared bankruptcy and owes money to another company, the business will have very little money. This will apply when the business is considered an unsecured creditor. However, if the business is a secured creditor that will receive all the money owed to them. This will depend on the type of creditor they are.


Add you answer