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If Apple went bankrupt, Everyone would be without a job.
by elzbardico 5mo ago
If Apple went bankrupt, Everyone would be without a job.
- Projectiboga 5mo agoNot it they simply went Chapter 11 and reorganized.
- shnock 5mo agoIs that how filing for bankruptcy works?
- gangstead 5mo agoThat's how chapter 11 type bankruptcy works. The business continues to run but the debtors are now the owners. There's also chapter 7 where the business shuts down and stripped for parts to pay the debts.
- stevefan1999 5mo agoYeah, Trump went bankrupt 3 times, and he's still here
- kstrauser 5mo agocough 6 times cough [0] https://www.washingtonpost.com/politics/2016/live-updates/general-election/real-time-fact-checking-and-analysis-of-the-first-presidential-debate/fact-check-has-trump-declared-bankruptcy-four-or-six-times/ https://www.washingtonpost.com/politics/2016/live-updates/ge...
- LtWorf 5mo agoCompanies in USA go bankrupt all the time and keep operating. It's just a legal way to not pay your debts as I understand. Anyway it happened to me. Basically any stock they gave us was worthless but they kept going and paid salaries.