We have our 1st mortgage w/them and are about to refinance at a better rate in the next 30 days. Rumors are going around they are about to declare bankruptcy.
We have our 1st mortgage w/them and are about to refinance at a better rate in the next 30 days. Rumors are going around they are about to declare bankruptcy.
If a company files bankruptcy and are bailed out, do they have to pay off all of their debts? Are they able to come back out of bankruptcy without being bailed out? How exactly does it all work? When the company files for bankruptcy, what all does that imply?