Will BP file bankruptcy to avoid restitution?

1 Answer

Answer :

BP will do as they please and there’s nothing anyone can do about it, they are one of the biggest most important corporations to the industrial world, they aren’t going bankrupt, feigning bankruptcy or any thing else. If they do start to struggle they will team up with Dutch Shell in the mother of all mergers and eat everyone else for breakfast. Once again get real when the Former Union Carbide corporation start paying proper restitution to Bhopal in India, and set the proper tone for compensation, then you can expect BP to follow suit.

Related questions

Description : Can someone file bankruptcy from home?

Last Answer : Sounds like practicing law without a license.

Description : Without google, do you know one of the main reasons for Bankruptcy in the US?

Last Answer : Medical bills.

Description : Detroit first... Who's next for US City bankruptcy... Chicago?

Last Answer : answer:I'm sure that Chicago has its problems, aside from the gun violence in the strictest-gun-laws-in-the-nation idiocy (and other things that go along with that kind of blindness to facts), and ... laws who live in Michigan that it was not uncommon in the late 1960s when they lived near there.)

Description : Why can't the Federal Government declare bankruptcy and apply for a Chapter 13?

Last Answer : answer:The U.S doesn't need to reorganize it's debts. Besides, since it can create money, it can pay its debts. And it can raise revenue if it had the political will to do so. If the U. ... our economy. Without fiat money, people would try to barter with gold, but the value would not be consistent.

Description : Whats your opinion of bankruptcy?

Last Answer : She should work with a group like this: http://www.moneymanagement.org/

Description : I'm a former GM employee. If GM files bankruptcy, will I lose my pension?

Last Answer : That’s what happened to the airlines. Pension’s were lost or went to pennies on the dollar. Sorry and good luck. It may get bad.

Description : Will the USDA report to the credit companies that my home loan was paid?

Last Answer : answer:@Dutchess_III If you reported under chapter 7/13, reporting regulations change when debt is discharged via bankruptcy. The fact that you paid off the loan will unfortunately not reflect on your credit rating moving forward. Here is a quick link with more info.

Description : Shouldn't bankrupt Stockton CA pay bondholders first?

Last Answer : I think the bondholders should be treated like any other creditor and paid the same as any other secured creditor. If they get 50 cents on a dollar the bondholders get 50 cents. The bonds ... should have done their homework and looked at the credit rating or the financials if they were available.

Description : Are there firms that specialize in managing human capital aimed at revitalizing distressed businesses for near-term viability and long-term improvement?

Last Answer : There are definitely people that do that kind of thing, but the impression I get is that they are individuals with years of experience who become independent business consultants.

Description : What does it actaully mean when you are bankrupt?

Last Answer : Company/bank often borrows and/or lends money. When they owe too much and it becomes clear that they can no longer pay back to all those from whom they borrowed it, the company goes bankrupt. ... get back money suffer most. They can claim, however, through legal proceedings. But, it takes time.

Description : Did Flutherites know that Active Service members can delay foreclosure and divorce, and other civil actions?

Last Answer : you must have been called to active duty in support of certain operations. (iraq, Afghanistan, etc) in the case of foreclosures, a letter to the lender accompanied by a copy of mobilization orders ... JAG officer, and also the ESGR folks. (employer support for guard and reserves if that applies.)

Description : What is the best way to relieve myself of bills I can no longer pay?

Last Answer : Try doing your own negotiating instead of paying someone else (a credit counseling service) to do it for you. My understanding is that given the current climate, many credit card ... they initiate the call, it originates from an entirely different department with an entirely different methodology.

Description : In the impact problems the following conditions must always be satisfied a.The total kinetic energy remains unchanged b.The total linear momentum remains unchanged c.The magnitude of the total linear ... is reduced by a factor proportional to the coefficient of restitution e.None of the above

Last Answer : b. The total linear momentum remains unchanged

Description : For perfectly elastic bodies, the value of the coefficient of restitution is a.1 b.0.372 c.0.5 d.Zero e.Any value between 0 and 1

Last Answer : a. 1

Description : For perfectly elastic bodies the value of the coefficient of restitution is a.0.707 b.0.5 c.1 d.0.25 e.Zero

Last Answer : a. 0.707

Description : Define coefficient of restitution and obtain its value for an elastic collision and a perfectly inelastic collision.

Last Answer : Define coefficient of restitution and obtain its value for an elastic collision and a perfectly inelastic collision.

Description : If you are convicted of a DUI you could lose your life savings paying fines or restitution to the people that you have injured it killed?

Last Answer : It's certainly possible.If you're only convicted of DUI, chances are you didn't injureor kill anyone in the process. There are certainly fines to pay,and you would be responsible for any ... the least of your problems. You'd be looking atperson-felony charges, which are generally more concerning.

Description : Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Last Answer : Better to pay off. Bankruptcy puts a big mark on you credit report, no one wants to get left holding the bag when you opt out of your debt. Bankruptcy takes the legal obligation away, but does not clear your record.

Description : Have any of you tried to file bankruptcy on your own without a lawyer?

Last Answer : hello darkness my old friend….

Description : Should I sue the debt collectors or file for bankruptcy?

Last Answer : For every count of harassment, you can get between $500-$5000 depending on the state. It really is as simple as recording them and filing a lawsuit. There was a news story recently about a guy whose ... purposely get harassed by debt collectors so he could sue them. He was pulling in over 100k/yr.

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

Description : Why did Chrysler file for bankruptcy in New York?

Last Answer : They own more politicians in New York

Description : Why shouldnt I file for bankruptcy?

Last Answer : Although you say you can start rebuilding your credit, this really isn't the case. Although your credit score may increase, bankruptcy on a credit history is almost a sure fire way to ensure that ... really have no other way out, and be sure to have a long conversation with your financial advisor.

Description : if i file bankruptcy will it get rid of a wage granishment

Last Answer : Need Answer

Description : If I file for bankruptcy can I still refinance my mortgage?

Last Answer : You would probably be better off refinancing your mortgage first and then applying for bankruptcy later on. My mom had to file for bankruptcy due to credit card debt she could not pay.

Description : If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

Last Answer : Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.

Description : can you file your taxes owed under bankruptcy?

Last Answer : http://ezinearticles.com/?Will-Bankruptcy-Void-Any-Owed-Taxes?&id=1059357 this link has a lot useful information.

Description : How does one file bankruptcy in Florida?

Last Answer : Bankruptcy is a federal matter. There are different types of bankruptcy. This government website has a lot of helpful information on the various types, as well as information basics about filing, forms ... and find an affordable bankruptcy attorney in your area who can walk you through the process.

Description : How to File Bankruptcy?

Last Answer : The U.S. Congress established federal bankruptcy laws so that honest but unfortunate debtors could make a fresh start. While any bankruptcy filing must be made in federal court, your local judicial ... to the federal courts, 99 percent of Chapter 7 filings are granted full discharge of debts.

Description : People who take blood pressure medicine: does your heart rate go up a little when your BP is lower?

Last Answer : No, but I’d think if you are taking Thyroid replacement would cause a rise in heart rate.

Description : Despite having read up on it, I don't fully understand calcium channel blockers for high BP and have a few questions.

Last Answer : http://www.medicinenet.com/script/main/mobileart.asp?articlekey=26009

Description : What are the consequences of low BP?

Last Answer : answer:I'm not a doctor. You can drop dead from it. At minimum faint. And then if you hit your head or crash your car when you faint you can hurt yourself or others. But, you ... that low blood pressure concerns also have to be considered in concert with your other health problems you might have.

Description : Can anxiety elevate BP readings?

Last Answer : answer:Of course anxiety can cause BP to be a bit elevated. It’s commonly referred to as White Coat Syndrome. But really.. 130 over 85 is not really all that high as far as BPs go.. That’d be my dream low BP.

Description : Is this article about the BP situation bogus(I hope so...)?

Last Answer : first article posted was wrong…correct article now posted

Description : Is now the time to buy BP stock?

Last Answer : the company’s going bankrupt…. it’s a gamble… but I think the gulf oil spill will cost more than the company’s worth

Description : Do you feel better knowing that BP cares about the small people? Did they mean YOU?

Last Answer : yes, demeaning (but expected)....and expensive spending all that money on PR commercials. BP doesn't give a shit. Maybe individuals within the copmany do, but that's beside the point. All they care ... the bottom line. Let's hope that bottowm line pays it out to the people who have been impacted.

Description : Is there currently any greater problem in the world than figuring out how to plug the BP oil leak?

Last Answer : Oh, over harvesting of all major fish stocks, causing a crash. Global warming causing polar ice melt and rising water levels. The destruction of fresh water reservoirs. A crash in food production from the use of monoculture. The list goes on and on and on and on….

Description : Do you feel our government (America) allowed BP to drill without safety precautions to get campaign donations?

Last Answer : I think that the climate at the time the permit was granted was pro-business.

Description : Where can I find a job helping clean up after the BP Oil spill?

Last Answer : answer:They are claiming that only qualified hazmat people can participate because it is very touchy. If you are qualified, get in touch with the company at their website.

Description : Could the threat of criminal action against BP dis-incentiveize them from stopping the leak?

Last Answer : I expect they would assume they will be able to cut a deal on criminal charges or fines if they are seen to be stopping the leak. I don't hold any brief for their morality as a company from what I' ... , but I don't think they will be able to walk away from the problem unless they go totally broke.

Description : Can I get an internship at BP if i'm in High School?

Last Answer : [mod says] Please remember, this question is in the General Section. Responses must be helpful and on-topic.

Description : Would it be ethical to invest in BP stock right now?

Last Answer : Nope

Description : Why wasn't BP prepared to deal with the oil spill?

Last Answer : john65pennington I think they were prepared as they needed and were required to be. They were compliant with all safety requirements but what no one there or in the oil industry was prepared for ... to the local governments along the coast. The whole response to this event is mind boggling.

Description : This is a lost summer for businesses on the Lousiana coast. will BP have to reinburse these people?

Last Answer : answer:I suspect any reimbursement or aid will be delayed, and that when it is given it will leave people wanting. It's tempting to believe that things like this don't happen on accident. People crave ... . I don't know why I bother. The expert authorities have weighed in and there are no secrets.

Description : Do you think a boycott of BP would be an effective way to get them to act quicker or more responsibly?

Last Answer : answer:Unlikely. It blows my mind that people even get gas from BP in the first place. Around me they are always at least 5–10 cents more

Description : Does the EPA really have any control over BP?

Last Answer : Because they are the experts here and make the rules. The dispersant BP is using is a known entity to them the other choices could very well be more toxic or detrimental to the cause than what they ... overall in the long run as this the truly law of unintended consequences at play at it's worst.

Description : Does anyone know if Obama is allowing BP to drill relief wells to stop the Gulf oil spill?

Last Answer : Yes, two of them.

Description : Why is BP still in charge of the Gulf oil spill?

Last Answer : Maybe because the right would scream socialism again. And it would cost alot of money so they would also complain about spending.

Description : What effect will the BP oil spill have on shrimp, caught in the Gulf?

Last Answer : There’s already a moratorium on commercial fishing. Last I heard specifically it covered to the Panhandle of Florida, but it’s expected to reach as far south as Naples. Expect prices to go up.

Description : What should the USA demand of BP for polluting our ocean?

Last Answer : BP should pay for ALL the costs to clear up the oil spill.