2007-06-12 05:42:42 · 5 answers · asked by anglemoma 2 in Business & Finance ➔ Personal Finance
Help her with what? The company went bankrupt. That is the risks of investing.
2007-06-12 05:50:09 · answer #1 · answered by NYC_Since_the_90s 6 · 0⤊ 0⤋
Your sister is wasting her time with an attorney, as well as her money. The company in which she invested obviously failed to prosper and make needed profits. The list of creditors in line BEFORE your sister, as an investor, is longer than the list of Paris Hilton's ex-boyfriends. Unpaid taxes, bank loans, plus a host of other folks have priority over your sister. And that includes the attorneys who are handling the bankruptcy.
Give your sister a box of tissues and advise her that she has just learned an expensive lesson.
2007-06-12 13:22:32 · answer #2 · answered by acermill 7 · 3⤊ 0⤋
Caveat emptor...let the buyer beware
You're guaranteed nothing when you invest money in stocks...if you're intentionally misled (fraud), that's one thing, but that doesn't happen often.
Your sister learned a valuable lesson in investing...if you're going to invest, know why you're investing in it and if you're diligent & pay attention to what you've invested in, you can get out fast enough to only lose a little rather than all of it.
2007-06-12 20:13:06 · answer #3 · answered by MinocStriker 2 · 0⤊ 0⤋
Help her with what ? Investments have risks and hers went bad.
2007-06-12 12:50:21 · answer #4 · answered by Ray2play 5 · 0⤊ 0⤋
Are you familiar with the term "caveat emptor"?
2007-06-12 12:52:20 · answer #5 · answered by Ronin 4 · 0⤊ 0⤋