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Frequently Asked Questions

What would happen if the builder goes bankrupt?

Property Sales Overseas | FAQ | Buying in Spain
If the builder goes bankrupt and you have a bank guarantee in place you will have your payments refunded, if you do not have a bank guarantee in place, you will lose your money.
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What will happen if my DP goes bankrupt or stops operation?

Bank of Baroda - India's International Bank - FAQs - Deposit...
In a rare event of your DP going bankrupt or closing the operation, the interests of the investors will be fully protected. In such a situation, the investor will be given option of either transferring the securities to a new DP or else he may rematerialise the securities.
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What will happen if my anemia goes untreated?

Anemia
Some types of anemia may be life threatening if not diagnosed and treated. Too little oxygen in the body can damage organs. With anemia, the heart must work harder to make up for the lack of red blood cells or hemoglobin. This extra work can harm the heart and even lead to heart failure.
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What if IHAD closes or goes bankrupt?

Frequently Asked Questions About the "I Have a Dream&qu...
Section 8b in the IHAD bylaws, states that if a dissolution occurs, the intent is to have the funds remaining conveyed to an administrator or trustee. This means that in the case of a bankruptcy, the judge would make a final determination. The scholarship funds would be conveyed and a Sponsor could also continue support services through the administrator.
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What would happen if ETF Securities were to go bankrupt?

ETF Securities
If in the unlikely situation ETF Securities were to go bankrupt, this would not affect the value of the ETCs. Each ETCs is issued by a Special Purpose Vehicle whose assets are ring-fenced for investor's safety and the activities for each Issuer is monitored by an independent Trustee. ETF Securities does not hold any investor money - all cash and commodities exposure is outsourced to AA rated companies.
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What will happen to the provident fund of a bankrupt?

Official Receiver's Office - Frequently Asked Questions abou...
The provident fund of the bankrupt will be considered as part of the bankrupt's assets subject to the provisions of individual provident fund.
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What happens if this third party company goes bankrupt, does the dealership take over the policy?

E46 FAQ by Kris Linqusit
Unfortunately, no... If the company goes bankrupt, you will probably lose your money... This has happened before. Make sure that you select a solid one.
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What happens if after I purchase my ticket the airline goes bankrupt before I travel?

Faq for Low Price Flights to Moscow and Cheapest Flights to ...
If you have purchased a ticket on a US airline that ceases operations, you may be able to stand-by for a flight on another US airline.
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What if your insurance company goes bankrupt?

Frequently Asked Questions (FAQ) about Life Insurance
Established by law in every state, these funds are typically maintained by a state's commissioner of insurance to protect policyholders in the event that an insurer becomes insolvent or otherwise unable to meet its financial obligations. The funds are usually financed by assessments against all property and casualty insurers regulated by state. Check with your insurance agent for more details about the Guaranty Fund coverage in your state? Here is some more information..
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What are my guarantees and If the management company goes bankrupt?

Faq
The management companies we select are very strong financially and old enough to show large references. The management companies manage 100's and for some 1000's of properties. First your ownership in the property will not be affected. Either a new management company will take over or you can rent your property privately.
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What happens if a travel agent goes bankrupt?

Faresaver - Simply offer you the best fares!
Faresaver Pty Limited is a registered travel agent which contributes to the Travel Compensation Fund. The fund regulates travel agents, provides compensation to consumers, and ensures that travel agents have and will continue to have sufficient financial resources to secure the right to trade. So you can be sure that you will be safe will you buy your travel arrange from Faresaver.com.au. For detailed information, please check on http://www.tcf.org.au/ .
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What happens if the insurance company goes bankrupt?

Morgex Insurance ;
All of the insurance companies we deal with are protected against insolvency by Compcorp, an agency that guarantees at least a portion of each and every life insurance contract issued in Canada.
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If any bank goes bankrupt, are my deposits covered?

Singapore Deposit Insurance Corporation
Not all banks are covered under the Deposit Insurance Scheme. Only full banks and finance companies are members of the scheme. If you want to know if your financial institution is a Scheme member, please refer to the complete list of Scheme members.
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What happens if the developer I buy from goes bankrupt?

Prague Czech Property Services - Prague Real Estate - Foreig...
This isn't a common occurrence in the Czech Republic, since many developers use their own money to fund the reconstruction of a building. If, however, bankruptcy is an issue that worries you, keep your money in an escrow account for safety. Also, be cautious of foreign developers entering the market who don't understand the Czech planning and zoning bureaucracy. This article is for information purposes only. Please seek professional advice before making any major decisions.
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If all goes well when should I pay the builder?

We always recommend that you contact us and ask if there are any outstanding items that we are not happy with before you make any payments. So please do not hesitate to phone and check that we have been along to inspect and that we are satisfied that the work complies with the building regulations. No. We are not responsible for establishing boundaries between properties. If you find that your neighbour has built over your boundary we suggest that you discuss the matter with them.
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Is a bankrupt required to pay his debts? What will happen to a bankrupt's assets and income?

Official Receiver's Office - Frequently Asked Questions abou...
In principle, a bankrupt's debts will be met from his/her assets and income. For this purpose, a bankrupt must hand over all his/her assets, both overseas and local, to the Trustee immediately upon the granting of the Bankruptcy Order. He/She must also inform the Trustee of his/her income. The Trustee will, after taking a view of the reasonable domestic needs of the bankrupt and his/her family, distribute the balance of his/her assets and income to his/her creditors to repay his/her debts.
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What will happen if a bankrupt transfers his/her assets before bankruptcy?

Official Receiver's Office - Frequently Asked Questions abou...
The Trustee will investigate all assets disposed of by the bankrupt prior to the presentation of the bankruptcy petition. It is an offence for a bankrupt to transfer any assets with a fraudulent intent, and the bankrupt may be liable to be prosecuted.
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If a bankrupt is a civil servant, what will happen to his/her pension?

Official Receiver's Office - Frequently Asked Questions abou...
In general, his/her pension will cease to be payable upon the making of the Bankruptcy Order. He/She may submit an application to the Chief Executive through the Civil Service Bureau for approval of ex-gratia payments. In the event it is approved, the Trustee will assess his/her reasonable domestic needs and if there is any balance, the bankrupt will be required to repay his/her debts.
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HOW CAN I OBTAIN A MONETARY RECOVERY AGAINST A BUILDER WHO IS BANKRUPT OR OUT OF BUSINESS?

DCLS - Dicks Coglianese Lipson Shuquem - Construction Defect...
Over the past several years many builders/developers have declared bankruptcy or have otherwise gone out of business. Fortunately for homeowners, even if a builder is bankrupt or out of business, its insurance carriers remain obligated to defend the developer against construction defect claims and causes of action, and to indemnify the builder for any such covered losses.
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What can I expect to happen if my power goes out?

Bay of Plenty Electricity
If your power goes off for any reason, please call our Faults Service on 0800 500 710 and our Faults Team will be able to advise you if there is a Fault in your area and what sort of time frame it will take to resolve. If your property has been disconnected for non-payment of Account you can also call us on 0800 500 710 and discuss payment options with one of our team.
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G) What will happen if and when the system goes down?

Frequently asked questions — NHS Connecting for Health
Business continuity scenarios for a range of potential failures are being considered by our professional user groups. It is intended to publish guidance on this area as part of the implementation of Release 2. Ultimately, the current paper FP10 prescription forms will remain as a contingency measure.
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What will happen if the network goes down?

Biorobotics Lab
If the network goes down, client machines will not be able to connect to the domain controller, where your files and profiles are stored. Each time you log onto a workstation, the client machine will attempt to download your profile from the domain controller. When you log out, that profile is uploaded to the domain controller, but is not deleted from the client machine.
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What will happen when my alarm goes off?

Intercity Alarms Residential & Commercial Security - Cap...
Typically, if it's a burglar alarm, the Central Station dispatcher will call the premises first. If someone answers at the premises, the dispatcher will request a pass code. If a valid pass code is provided, the dispatcher will simply ask if everything is okay. If nobody answers, or if someone answers who cannot provide a valid pass code, the dispatcher will then dispatch the police. In this instance, the dispatcher will also notify the emergency contact on the alarm account's "call-list.
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What will happen if ILovedMyPet.com goes out of business?

ILovedMyPet.com - Frequently Asked Questions
ILovedMyPet.com has funding set aside to support the cost of hosting member information and all pet memorials well into the future based on today's prices. This money is used as an insurance policy to ensure that even if ILovedMyPet.com ceases to accept new members, that existing member information will still be maintained. At today's prices (which we anticipate to fall) even if ILovedMyPet.com received no additional revenue, hosting of member data is secured for at least a generation.
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What will happen if my telecomms link goes down?

ExpressApps
Modern business-grade telecommunications data links are extremely reliable. Our experience shows that careful selection of the right telecommunications service for your requirements produces extremely reliable service, probably fewer outages than you experience today with your servers and equipment on-sit. Depending on your business tolerance to downtime differing levels of redundancy, including telecommunications, can be arranged.
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What would happen if my AC Power goes out?

Automated Aquarium Systems - FlexPLC FAQs
Answer: When power is removed from the FlexPLC all 120VAC outputs will be disabled. The FlexPLC has a non-volatile EEPROM that stores your configuration so loss of power is no problem here. When power is restored the FlexPLC starts running it's program from EEPROM right away. To protect against temporary power outages and brown-outs AAS recommends using an Uninterruptable Power Supply(UPS) on your FlexPLC. You can check out the UPS that AAS distributes by clicking here
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What will happen if PartingWishes.com goes out of business?

PartingWishes.com - Frequently Asked Questions - Write a wil...
PartingWishes.com has funding set aside to support the cost of hosting member information for a number of years into the future based on today's prices. This money is used as an insurance policy to ensure that even if PartingWishes.com ceases to accept new members, that existing member information will still be maintained. At today's prices (which we anticipate to fall) even if PartingWishes.com received no additional revenue, hosting of member data is secured for another 25 years.
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Will my best friend loose her house if she goes bankrupt?

Bramley Manor™ - Frequently asked questions
No, it is very rare for someone to loose their home and only then because they don’t follow procedures. (back to top) .
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I’m worried. What if the developer disappears or goes bankrupt before completion?

Golf Property and Off-Plan Property, Spain Investment
Developers must now produce evidence they have in place a bank guarantee or an insurance policy. So, if the developer runs into difficulties such as bankruptcy, the purchaser’s solicitor can arrange for the return of all monies paid to date, plus interest (usually at 5/6%). Espana Properties only work with developers that are fully insured and have their paperwork/licenses available to clients.
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