Bankruptcy, business dispute : [creditors’ debts during crisis]
Fatawa Question
Dear Dr. Monzer, Assalamu Alaykum wa Rahmatullah Wa Barakatuh, Due to the financial crisis in the US, my company lost great business and I cannot pay back the creditors as they owe me huge sum of money that I cannot bear. In addition, it was not my fault as the financial crisis was uncontrollable. What is the solution ? Should I declare bankruptcy and what does declaring bankruptcy mean ? What about the creditors’ debts ? Jazakum Allahu Khairan for your constant help Yours, Osama
Fatwa
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Publication Date
2009-05-31
Main Subjects
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-733944
American Psychological Association (APA)
Qahf, Mundhir. 2009-05-31. Bankruptcy, business dispute : [creditors’ debts during crisis]. .
https://search.emarefa.net/detail/BIM-733944
Modern Language Association (MLA)
Qahf, Mundhir. Bankruptcy, business dispute : [creditors’ debts during crisis]. 2009-05-31.
https://search.emarefa.net/detail/BIM-733944
American Medical Association (AMA)
Qahf, Mundhir. 2009-05-31. Bankruptcy, business dispute : [creditors’ debts during crisis].
https://search.emarefa.net/detail/BIM-733944
