Quote:
Originally Posted by fdjizm
sounds like bankruptcy is not even a bad thing maybe i dont understand fully, sounds messed up to me that it works that way a company can just build up debt and then one day say "umm yea lets erase all thise and start over" lol
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The problem with that is, if the courts view the above company as irresponsible and/or incapable of manging itself, they liquidate it. Sell it off in bits and pieces. This won't happen with GM...but that's why companies don't look kindly on bankruptcy.