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Ultimately it's a US company so Chapter 11 is available, which does allow for short term relief and ultimately for debts to be restructured etc.
by tomatocracy 3y ago
Ultimately it's a US company so Chapter 11 is available, which does allow for short term relief and ultimately for debts to be restructured etc.
- dragontamer 3y agoDon't shareholders traditionally get wiped out in Chapter 11 and then the bondholders (aka: Banks) become the new owners? Do you really think Elon would give up control of Twitter that easily?