Bonkers thought: IF Corona is a short term problem (call it a year), is there any reason companies shouldn't declare BK if they run into grumpy creditors, to kick the can? If results/the market improve by the end of the process, interesting cases might be made about valuation?
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Replying to @LAForeverHall
Bankruptcy is not free. Costs lots of cash. DIP financing expensive.
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Replying to @JAllenCapMgmt
Sure no question about that.
4:53 PM - 21 Mar 2020
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