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In a bankruptcy, you can clawback illicit payments made prior to the bankruptcy. It's actually very common that when a debtor goes under, they attempt to pay t
by freejazz 3y ago
In a bankruptcy, you can clawback illicit payments made prior to the bankruptcy. It's actually very common that when a debtor goes under, they attempt to pay their preferred creditors as much as they can, without any regard to the priorities of other creditors.
- JumpCrisscross 3y ago> you can clawback illicit payments made prior to the bankruptcy SoftBank isn’t going bankrupt. WeWork is. If WeWork wired money to SoftBank right before going under, it’s fraudulent transfer. This is just SoftBank continuing to pay for its stupidity. The only way for other creditors to argue that money should be theirs is if SoftBank owed WeWork that money. But these creditors appear to have specifically struck the guarantee with SoftBank directly.