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In Reply to: RE: How much money did creditors and suppliers and investors lose? posted by Frank I on June 24, 2009 at 15:41:13
The most important question one could ask about bankruptcy is who lost money, and who lost jobs.I asked a very relevant question.
Chapter 11 bankruptcy, as you obviously don't know, is about financial restructuring of debts -- the owners and lenders and creditors of a corporation usually lose at least some money.
If the corporation comes out of Chapter 11, there are often fewer employees.
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Richard BassNut Greene.....................................................................
The "Cliff Claven" of Audio
and the "Floyd R. Turbo of Bingham Farms Michigan"
Edits: 06/29/09
It's a box of mirrors!
Just for you....
But don't gaze too long, you might learn something: and we'd all miss you...
Both sides of the river, there is bacteria; there must be meaning behind the moaning, is this living?
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