Wednesday, May 09, 2012 9:55:15 AM
If what you say is ture then if company A files for BK with $500K in debts and assets of only $200K and company B files for BK with $1,000,000 in debt and only $200K then company B is in more BK then company A.
Thats rediculous... again once borke and filing for BK your as borke as your going to get...who gets screwd are the creditiors...as they get percents on the dollars for the assets you have... the less debt the more they get, the more debt it gets spread around and the less they get... but just like being dead, it doesnt matter how you got dead... old age, heart attack, run over...once your dead your dead... and once your broke your broke.
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