Replies to post #83145 on NSAV Holding Inc (NSAV)

[Until2020, formerly Until2017]

Yes, of course.

HERE IS WHAT ELSE IS ALSO TRUE :


If the parent OWNS THE SUBSIDIARY, then
the PARENT OWNS THE DEBT.


It has been juggled about internally, . but (i) it
has not gone away, and (i) it flows up to the par-
ent as a debt responsibility.


THE SUBSIDIARY CANNOT DECLARE BANK-
RUPTCY ( now ) and have the debt disappear. .
In that case ( bankruptcy of the subsidiary ) the
parent will get the bill. "Inherit" the bill, so to
speak.


Basic Accounting.



Until