Wolfsister77
Knowledge Is Power
Actually if they would of gone through the normal bankruptcy process, they would of failed. There was no private credit available.
They needed Government guarantees to survive.
They would of gone through Chapter 7 instead of 11.
Ch. 7-liquidation. Ch. 11-reorganization
They needed Government guarantees to survive.
They would of gone through Chapter 7 instead of 11.
Ch. 7-liquidation. Ch. 11-reorganization