To: T.B. Yoits
The company estimated assets of $500 to $1 billion and liabilities of between $100 million and $500 millionAssets > Liabilities? How are they bankrupt?
16 posted on
06/18/2024 5:36:01 AM PDT by
FatherofFive
(we mutually pledge to each other our lives, our fortunes, and our sacred honor)
To: FatherofFive
Assets > Liabilities? How are they bankrupt?
Because assets doesn't always equal cash flow? If you don't have dollars for operating expenses, it's pretty hard to keep operating!
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