4 ms·
No, there the house is collateral. In this case, instead of the lender simply taking over the acquired company, the acquired company declares bankruptcy and is
by beojan 9y ago
No, there the house is collateral.
In this case, instead of the lender simply taking over the acquired company, the acquired company declares bankruptcy and is liquidated.
- mseebach 9y agoBut a bank will just hand over money for an LBO without taking collateral?