Join Date: Aug 2009
Location: Washington, the state
Bankruptcy is a way to abrogate contracts. Otherwise, they'd have to buy out all the contracts they have with dealerships, warehouses, transporters, etc.
Chapter 11 bankruptcy is a way for a company to reorganize their business and their contracts and debt to remain an ongoing business. Chapter 7 is liquidation.
Many of us are comfortable telling the truth and uncomfortable lying.
An ordinary liar lies to gain an advantage.
A pathological liar knows that you know he's lying, and he lies to you anyway. Lying is comforting. Truth telling may be difficult and uncomfortable.