Replies to post #38948 on Washington Mutual Preferred fka WAMPQ

[WithCatz]

I don't see how that's possible to be a rule. If you can't pay your bills, (cash flow), then you can't pay them.

Got a reference, link or example to go by? -- {Corporate bankruptcy}

...Catz

[gophilipgo]

I know this is true for an individual. Not sure about a corporation.