nymnsat

3 ms·

1. 1.▲
   by nymnsat 9y ago

   Professionals have their own colloquialisms wrt 'bankruptcy', which differs from a laypersons use of the word. Ch 7 bankruptcy is what most laypeople call 'bankruptcy', which usually applies to individuals (but can apply
2. 2.▲
   by nymnsat 9y ago

   Another case of Cerberus being too aggressive with debt load and shoddy with its operating plan. It's a wonder anyone lends to them to do LBOs any more. Classic case of heads I win, tails other people lose
3. 3.▲
   by nymnsat 9y ago

   That's what's implied by financial reporters every time. Most people don't understand restructuring and professionals call it bankruptcy too. Strictly speaking the company goes into creditor protection under CH11 to reorganiz