ladyliberal
Progressive Princess
- Aug 5, 2011
- 1,253
- 291
- 48
Any company can survive bankruptcy without private influxs of capital. Or they can go belly up depending on which form of bankruptcy they choose.
What's more interesting is that you seemingly don't understand the process yet I bet you've defended the bailout.
As I said, it's hard for me to research on the fly, but I can't believe that's true. How and why would, for example, a company with no assets and large debts survive bankruptcy without receiving new capital?
Irrelevant question. The Auto Industry has lots of assets. They industry requires large assets before they can even produce anything.
Certainly the auto industry had massive assets. But my statement was relevant to Grampa's claim, which is that I don't seem to understand the bankruptcy process.