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    what happens if a corporation goes broke?

    0  Views: 313 Answers: 5 Posted: 14 years ago

    5 Answers

    Call Obama's administration so they can bail you out. They love throwing good money after bad.

    chapter 11 bankrupcy ...the sub contractors take a beating!

    and you're the share holder?  You're sh*t out of luck.....Worldcom, Enron, etc.

    They let the shareholders and creditors take the hit and can start up the next day with a clean slate as long as they can convince another wave of suckers to support them.

    they close or file for bankruptcy protection



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