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Can I Sell A Car Before Going Bankrupt ? | Bankruptcy UK - Free ...

Jon

Sat, 20 Feb 2010 13:36:16 GM

Question: Partner has bought our car with a loan in his name, however the registration documents are in my name. The car is worth about 8-9k Can I sell.

what happens to my investments if the mutual fund company goes bankrupt?
Q. I have recently invested in a mutual fund but there have been rumors that the bank might go bankrupt. In that case what will hapen to the investments that I have made? Also as per the policy, I cant pull out my money for a minimum period of 3 years.
Asked by niaj - Fri Dec 12 09:11:35 2008 - - 3 Answers - 0 Comments

A. Many people get confused on this subject, but generally don't have to worry. When a mutual fund (or any investment/brokerage) company goes bankrupt, your investments are not worthless - they have the same value as what is published/posted daily. The mutual funds run by the company are not worthless - as the companies comprising the funds still exist and their stock still trades. If the investments in the funds go to zero, or the fund itself is insolvent (for example, something like a hedge fund which goes long, uses margin to leverage their bets) then your investment is worthless. If the mutual fund is run by the bank, and invests in products of the bank (not stocks and bonds which have readily available pricing information, but maybe… [cont.]
Answered by Nipsy J - Fri Dec 12 09:31:30 2008