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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: SilentZ who wrote (216715)2/1/2005 9:06:08 AM
From: Elroy  Read Replies (3) | Respond to of 1571928
 
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.


Well, silly, if it can rob Peter to pay Paul, then it can service its debt, and thus isn't bankrupt. That's in line with my definition.