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The only difference is if you refuse to pay your mechanic the mechanic can likely do nothing. The billion dollar company can take the other billion dollar comp
by rhaway84773 3y ago
The only difference is if you refuse to pay your mechanic the mechanic can likely do nothing.
The billion dollar company can take the other billion dollar company and procure the money owed + damages.
- mwwaters 3y agoIt is sort of the inverse. To be pedantic, mechanics have mechanic's liens which allows them to hold a car forever until they're paid. If it's worth enough for Google, Google could definitely bring full force of judgments. The only thing is the LBO debtors have a UCC lien which may be worth more than what Twitter is worth in a bankruptcy. Twitter does currently have cash and may pay a judgment to prevent an event of default on the big debt. But debtors always have to worry being behind secured debt.