4 ms·
If Spirit goes bankrupt can't Frontier just buy their stuff at auction prices?
by ocdtrekkie 2y ago
If Spirit goes bankrupt can't Frontier just buy their stuff at auction prices?
- frenchman_in_ny 2y agoIt's likely a Chapter 11 reorganization, not a Chapter 7 liquidation [0]. So basically the equity holders get zeroed out and debt holders get some level of recovery in the form of new debt or combination of debt & equity. [0] https://www.investopedia.com/ask/answers/differences-between-chapter-7-and-chapter-11/ https://www.investopedia.com/ask/answers/differences-between...