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No they are just debtors...once they can't service their debt they are simply insolvent debtors whose assets will be foreclosed on.
by throwaway_USD 7y ago
No they are just debtors...once they can't service their debt they are simply insolvent debtors whose assets will be foreclosed on.
- rdtwo 7y agoThose assets are worth pennies on the dollar to a 3rd party and the liquidation process will cut those pennies in half