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This, and thanks to certain loopholes in the U.S., it is possible that JPMC may receive nothing at all. Depending on the jurisdiction, companies have been known
by eek2121 1y ago
This, and thanks to certain loopholes in the U.S., it is possible that JPMC may receive nothing at all. Depending on the jurisdiction, companies have been known to sell off all assets for near zero and eventually leave creditors and investors on the hook.
- throwaway2037 1y agoDo you have examples of this? I would like to learn more. A quick Google search tells me: > Generally, a U.S. company can sell assets below cost, as long as the transaction is transparent, conducted in good faith, and serves a legitimate business purpose.