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That doesn't make sense to me, if the company declares the value of its assets as being lower than what it is, it means the creditors get a proportionally bigge
by conistonwater 8y ago
That doesn't make sense to me, if the company declares the value of its assets as being lower than what it is, it means the creditors get a proportionally bigger share of the assets to cover their nominal debt that has a fixed value.
- chongli 8y agoThe only assets are these patents which will be sold at auction for pennies on the dollar. The creditors will get nothing. The lawyers running the scam will get contracted by the new holding company and the game will begin again.