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ProfessorGAC

(76,374 posts)

7. If There Is Financial Solvency...

Reply to Tommymac (Reply #5)

Sun Jan 17, 2021, 09:32 AM

Jan 2021

...good luck finding a judge allowing reorganization.
I'm not an accountant either, but BKO is covered in depth in business law class of MBA school. And, I did that.
I also was the involved in due diligence efforts when my company was acquiring operating assets of 2 companies required by chapter 11 decisions to shed the nonprofitable division. Given the difference in scale, our company could run that place profitably.
So, I'm not a BK lawyers of CPA, but I do know the fundamentals. And, financially solvent organizations don't get to duck debt just so they can move.

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Major NRA donor to challenge gun group's bankruptcy over alleged fraud [View all] friendly_iconoclast Jan 2021 OP

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Excuse Me? ProfessorGAC Jan 2021 #4

They have to declare bankruptcy to move to Texas. Tommymac Jan 2021 #5

Just another scam. Like people who don't pay taxes for years, then Progressive Jones Jan 2021 #6

If There Is Financial Solvency... ProfessorGAC Jan 2021 #7