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I don't see a problem with them going bankrupt. Shareholders would get wiped out and debtors would go to the back of the queue. The administrator would run it u
by tonyedgecombe 3y ago
I don't see a problem with them going bankrupt. Shareholders would get wiped out and debtors would go to the back of the queue. The administrator would run it until new investors were found. If they can't find investors then that is a reasonable justification for nationalising it on the cheap.