Tired, what debt are the tax payers taking care of? In this ch 11 reorg ALL the creditors will be paid. On the other hand, the Nally's made a dumb investment decision and cost their creditor about $80K. Sounds to me like the poor little family cost the tax payers more than the big ole corporation. AND they are contemplating filing BK due to the $20K they are in debt. That would be a ch7 and NO ONE gets paid. Why do all the libs/commies insist on trying to tear down one of the few employers left in this county? Please report on something newsworthy next time. Very poor reporting.
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on 01/12/2012 at 2:43 PM
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Re: “The Debt Divide”
Tired, what debt are the tax payers taking care of? In this ch 11 reorg ALL the creditors will be paid. On the other hand, the Nally's made a dumb investment decision and cost their creditor about $80K. Sounds to me like the poor little family cost the tax payers more than the big ole corporation. AND they are contemplating filing BK due to the $20K they are in debt. That would be a ch7 and NO ONE gets paid. Why do all the libs/commies insist on trying to tear down one of the few employers left in this county? Please report on something newsworthy next time. Very poor reporting.