Professionals have their own colloquialisms wrt 'bankruptcy', which differs from a laypersons use of the word. Ch 7 bankruptcy is what most laypeople call 'bankruptcy', which usually applies to individuals (but can…
Another case of Cerberus being too aggressive with debt load and shoddy with its operating plan. It's a wonder anyone lends to them to do LBOs any more. Classic case of heads I win, tails other people lose
That's what's implied by financial reporters every time. Most people don't understand restructuring and professionals call it bankruptcy too. Strictly speaking the company goes into creditor protection under CH11 to…
Professionals have their own colloquialisms wrt 'bankruptcy', which differs from a laypersons use of the word. Ch 7 bankruptcy is what most laypeople call 'bankruptcy', which usually applies to individuals (but can…
Another case of Cerberus being too aggressive with debt load and shoddy with its operating plan. It's a wonder anyone lends to them to do LBOs any more. Classic case of heads I win, tails other people lose
That's what's implied by financial reporters every time. Most people don't understand restructuring and professionals call it bankruptcy too. Strictly speaking the company goes into creditor protection under CH11 to…