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The author doesn't know how bankruptcy works. You can say the debt is "secured" all day long, but if it is held by the owners then the bankruptcy judge will im
by travisoneill1 7y ago
The author doesn't know how bankruptcy works. You can say the debt is "secured" all day long, but if it is held by the owners then the bankruptcy judge will immediately kick it to the back of the line by equitable subordination.