4 ms·
General Motors comes to mind. Bankruptcy allows them to abandon their debt and continue to operate with only the best assets as the "New GM." Basically all th
by chrisgoodrich 17y ago
General Motors comes to mind. Bankruptcy allows them to abandon their debt and continue to operate with only the best assets as the "New GM." Basically all the same assets, screwed the stockholders and debtors, but a new company.