4 ms·
For that matter, bankruptcy (at least the Chapter 11 variety) is failure in some sense, but is intended to allow the company to continue operating. You'll noti
by fiatmoney 14y ago
For that matter, bankruptcy (at least the Chapter 11 variety) is failure in some sense, but is intended to allow the company to continue operating. You'll notice GM is still around.
- csense 14y agoFrom a shareholder's view, bankruptcy is failure. I believe that most bankruptcy cases end up giving ownership of the company to creditors and wiping out pre-bankruptcy shareholders entirely.