4 ms·
Enough money allows all contracts to be negotiable.
by dpcx 3y ago
Enough money allows all contracts to be negotiable.
- Someone 3y agoNot enough money can make contracts renegotiable, too, if it’s lots of not enough. If your debts are high, and you can convince your debtors they’re better off taking a cut on what you own them than waiting for your bankruptcy, they’ll accept a deal that’s, on paper, worse for them than the original one. See https://en.wikipedia.org/wiki/Debt_restructuring https://en.wikipedia.org/wiki/Debt_restructuring, https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_S.... Under pressure, everything becomes fluid.