Replies to post #423296 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

Bankruptcy reorg doesnt necessarily erase debt. If successfully negotiated, it may be reorganize in multiple ways, such as exchange for equity, extension of maturity and lots of other options

Chapter 7 is what erases debt, not Chapter 11

[NASDAQ2020]

What do they (CREDITOR) know about running a pharmaceutical ?