Sunday, May 31, 2009
The Bankruptcy Parasites...............
Who's getting rich billing for the cost of billing?The American system of bankruptcy is quite efficient at handling the disappointment of parties to whom much is owed and little may be coming. The bankruptcy code sets up a hierarchy of the unpaid in which any sums of cash given to those highest on the ladder mean less money for those on the bottom rungs. Frequently, stockholders are simply wiped out, and the value they once held goes to creditors...Link
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