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It might overwhelm the legal system. Then people will propose flattening the curve on bankrupcies. Maybe it’ll encourage the legal system to go all online. So
by naveen99 7y ago
It might overwhelm the legal system. Then people will propose flattening the curve on bankrupcies. Maybe it’ll encourage the legal system to go all online. Somehow I doubt the courts will be powered by DocuSign faster than corona kills off the unadapted.
Also, beneficiaries of bankruptcies are the same billionaires and hedge funds being bailed out now. Distressed private equity funds will be salivating over all the fire sales.
- Red_Leaves_Flyy 7y agoPart of the reason why private equity loves bankruptcy is because they're so successful at divesting all the risk and costs of acquiring toxic assets. Change these dynamics by making the employees whole first.