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Politics : Formerly About Advanced Micro Devices

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To: Elroy who wrote (216711)2/1/2005 8:44:05 AM
From: SilentZ  Read Replies (1) of 1571995
 
>Wrong again. A company is bankrupt when it cannot service its debts, and the debtor tries to take ownership the company's assets in lieu of the payment.

Nuh uh. If it can cover that debt for a while by robbing Peter to pay Paul, it ain't bankrupt. Believe me, my dad staved off bankruptcy for like ten years. Granted, this isn't a scientific definition, but it's certainly the way it works.

-Z
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