3 ms·
Yeah, rest of the world calls one bankruptcy and the other restructuring, adding to confusion.
by friendzis 2y ago
Yeah, rest of the world calls one bankruptcy and the other restructuring, adding to confusion.
- llm_nerd 2y agoBoth types are forms of bankruptcy in much of the world, exactly like the US. It usually isn't differentiated which because many companies that go down the restructuring route end up at the insolvency end when debtors aren't onboard with their plans.