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> They asked the bankruptcy court, and the bankruptcy court's job is to maximize value for the bondholders. Perhaps the court can do this without violating the
by nextaccountic 6y ago
> They asked the bankruptcy court, and the bankruptcy court's job is to maximize value for the bondholders.
Perhaps the court can do this without violating the law? This is fraud.
- dragontamer 6y agoThat's not the bankruptcy court's job. That's the SEC's job. Ever heard of the phrase "you cannot have two masters" ?? By splitting the job into two organizations, we ensure that both jobs are accomplished. Otherwise, only one job gets done (at the expense of the other).