 Do you think that insurance companies are out of control? |
Or is the bottom line justified in every human endeavor?
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spock, I find your answer coldly accurate. However you may perceive my question, I am not into repealing ... |
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 If the insurance company that holds my annuitty goes bankrupt do i lose all my money? |
| i suid a docter 20 years ago and exutive life holds the annuitty but they might go bankrupt.... |
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 GEIKO auto insurance? |
failing to meet our needs as an ethical and cooperative business? I have a big problem with GEIKO business practices and I need a resolution
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I mean GEICO, sorry.... |
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 Car insurance trouble? |
| I bought a car, and the next day i accidently ran in into my garage, and i called the insurance and they told me it wasnt coverd because policy wasnt in the system. but i had allready signrd and ... |
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 I have no insureance? |
| I need to go to the doctors really bad what can I do??... |
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 Life insurance? |
| OK I'm 22 and i want to get life insurance i had a baby a year ago so i want to make sure she will be taken care of if something happens to me so my ? is what is a good comp about how much a mo ... |
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 My house was broken in to and laptop was stolen,hows does the insurance company deal with it?.......? |
| My laptop was stolen and I have insurance. I have insurance which covers belongings like digital camera ect and my laptop insured separately to £500. do I have to prove how much I paid for it and ... |
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| To do insurance? |
| what do i need to do in order to open up an in surance company and also become certified in order to do ... |
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 HMO insurance.....what happens if you go to a hospital that's not your site number? |
| I have HMO, and I have to go the the doctor and hospital that they have on record for my site number, etc.....even if a place takes HMO, i can't go there if it isn't my site number. But if I... |
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| I want to sell insurance, can I make any money and how much is the average.? |
| No experience in selling, but want to give it a try. What is a day in the life of an insurance seller like?... |
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 HMO or PPO? |
| Okay I dont know if I should get an HMO or PPO. I am a 23 year old female with mild asthma. I dont take any prescriptions regularly except birth control (which is only to regulate my hormones). So ... |
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 What is the best medical insurance company? |
| i'm going to get personal insurance for myself since my job doesn't hav benefits, whats the best company to go with?... |
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 If you have renters insurance and your apartment is destroyed? |
| would you get money for what your stuff is worth now or the cost to replace it. If you don't have pictures how do you prove what you have, or how much you would get?... |
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 Can I collect unemployment if I have only been with a company for 2 months? ? |
| I actually been working with this company since early March of this year, but it was through an agency, then I was hired in June. Can I still collect unemployment, even though I have only been ... |
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now_follow | Ifiborrow money on behalf ofmycompany which is mine,and then i goinsolvent...? |
how can i defend myself against the claimants wanting their money back.. |
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Bardic
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If you're a "sole trader", you, personally would be borrowing the money and would be liable. If you've created a limited company, anyone lending to that company almost certainly would require your personal guarantee, so once again you will be liable.
There's no easy out, unless you wish to be declared bankrupt, with all that that entails and implies. The only way to defend yourself is to trade properly & profitably, quite frankly. |
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cajunbiggeorge
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You probably can't. You will have to sign a personal guarantee to get the money just to avoid what you describe. Then you will be personally liable for the funds. |
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Tom Z
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In theory, you could incorporate so that only the assets of the corporation are at risk.
However in real life bankers or investors will often demand a personal guarantee of the loan. |
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Oliver
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Question of nicities.There are plenty that wouldn,t think twice.The ones you read about would and do syphon off first .What seems to be the norm is have no consciouses |
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Spock (rhp)
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catch 22 applies here.
while a proper corporation structure supposedly shields the owners from lawsuits from the creditors, every likely lender in the world has seen the soley owned corporation to evade creditors dodge before and won't lend without a personal guarantee.
not to mention that if you're the manager of the corp and it goes bk, the creditors can sue you as the manager if you've apparently profited unduly -- which amounts to looting the company for your benefit and their detriment from their viewpoint.
so, until your operation grows large, you likely can't |
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mbrcatz
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You can't. If you guaranteed the loan for your company, you're on the hook for it. If you don't, and the company doesn't have good credit or assets, no one will lend you money.
If you're planning on borrowing money and then going insolvent, that's fraud, and criminal. So you could ALSO be facing jail time, in addition to having to pay back claimants. |
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