Quote:
Originally Posted by UCF w00t
And the worst part is that Ford MORTGAGED their assets meaning if they file, those assets get taken over by the creditor. Bye bye blue oval :(
|
also, im not well versed in bankruptcy law, but lately history has been changing as we all saw with chrysler: bond holder's are the first entity to be paid but with the fiat merger they got the shaft and are SOL. i think that is the first time in history? point is, with the government involved, rules are obviously being broken, so who knows what will happen moving forward.