4 ms·
Doesn't the bankruptcy court liquidate pieces of the company on behalf of the creditors if that is part of the agreement that is reached?
by cobertos 3y ago
Doesn't the bankruptcy court liquidate pieces of the company on behalf of the creditors if that is part of the agreement that is reached?
- hn_throwaway_99 3y agoThat's Chapter 7 bankruptcy.
- Spooky23 3y agoNot typically. The court basically reorganizes debts, etc. That may include sale or liquidation of some assets. In this case, I’d venture to guess that leases are the biggest liability, and given the market, I’d imagine the landlords will take a bath.