Tag Archives: bankruptcy

Iceland Bankruptcy – Brink of Financial Meltdown

he island of Iceland might be the first country in “national bankruptcy” to follow in the steps of the credit crunch.


Iceland is all but officially bankrupt

People go bankrupt all the time. Companies do, too. But countries?

What is Prefered Stock?

Like common stock, preferred stocks represent partial ownership in a company, each share of preferred stock is normally paid a guaranteed, relatively high dividend and has first right over common stock at the company’s assets in the event of bankruptcy.

  • Preferred stock shareholders do not enjoy any of the voting rights of common stockholders.