Question

Typically, when a business is owed money by a company that files for bankruptcy, the business will...

Answer 1

When a company has filed the bankruptcy and owes the money to the other business, the business will get very little of the money owed back. This will apply when the business is considered to be an unsecured creditor. However, if the business is a secured creditor they will usually receive all of the money owed to them. It will depend on the type of creditor that they are.

Step-by-step explanation:

Answer 2

When a company has filed bankruptcy and owes money to another business, the business will get very little money back. This will apply when the business is considered to be an unsecured creditor. However, if the business is a secured creditor they will usually receive all of the money owed to them. It will depend on the type of creditor that they are.