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There are two kinds of bankruptcy
Posted by nwas (more from nwas) on Fri, 16 Sep 2011 16:31:52
In Reply to: Re: Does bankruptcy necessarily mean the end..., Mark from Toronto, Fri, 16 Sep 2011 12:08:46
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One is "close the doors", sell the assets. The other is "cancel the debt, sell some assets, leave the entity with enough to reorg and try again".
I highly suspect Saab is going for the second option to stave off creditors while waiting for more money.
posted by 71.174.89...
Posts in this Thread:
- Does bankruptcy necessarily mean the end..., Jjtooterf5, Fri, 16 Sep 2011 08:55:14
- Some companies emerge from bankruptcy, others don't, Sebastian, Sat, 17 Sep 2011 22:23:54
- The End? Do you mean is bankrupcy an awesome thing?, Used to be Chaz, Fri, 16 Sep 2011 16:06:47
- nope, Stan, Fri, 16 Sep 2011 18:50:53
- Re: Does bankruptcy necessarily mean the end..., Mark from Toronto, Fri, 16 Sep 2011 12:08:46
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