What can happen when a bank becomes bankrupt?

wise_one asked: What can happen when a bank becomes bankrupt?
i just found out my bank has bankrupt, the same bank that gave me what i needed to buy a townhouse.

Now what would happen to me and all other people now that the bank becomes bankrupt?

Is that bad or good?

Whats the difference between pension plans?

Christina D asked: What is the difference between pay as you go pension plan, personal pension plans, fully funded pension plans, and private pension plans? and what kind does Social security fall under?

How can I protect my pension from being seized in my bank account?

Karen S asked: I received a civil summons but my pension cannot be touched unless it’s in my bank account. It’s automatically deposited. How can I protect it from being garnished? The pension comes from New York but I now live in Arizona.

What is the best way to restore your credit after a foreclosure or bankruptcy?

justlilolme asked: My fiancee had a home in another state that ended up in foreclosure. Now his credit score has suffered. What is the best and fastest way to try to reestablish his credit? Before the foreclosure his credit score was great. He also owns the home we live in and is current on all [...]

How does a retirement pension work, how is it funded?

hh asked: If you retire and your not working for a company anymore, how does the company make enough money to pay you a pension if your not doing any work for them anymore.

What happens to your pension plan if the company you work for goes bankrupt and closes its doors?

Chris Michener asked: I know that the PBGC backs pension plans, but I don’t understand the details very well. Can you still lose some of what you have saved?

What is the quickest way to stop a foreclosure?

llewis499 asked: What is the quickest way to halt a foreclosure. I do not have the cash to bring it out of arrears and the bank has accellerated the note. Is Bankruptcy the best way to stop it for now. I have placed it up for sale and have a couple of parties interested. I [...]

would you join a union pension without knowing the particulars of the pension?

frangul asked: The opportunity to have company pension contributions put into a union pension without getting any pertinent information regarding the opportunity is being put in a contract and some might vote yes to get the other things. Any responses, suggestions?

Living a debt free is a dream we all have. Yet we pile up debt and knock on the doors of debt settlement companies to get debt relief.Proper debt management is important, whether you have credit card bills piling up, or your gross debt re-payments are going out of your control and you are on [...]

Why do companies go bankrupt when their stock price drops?

Miqael K asked: If companies only make money from stocks during IPO, why do they go bankrupt when the stock price drops? I can’t make the connection.