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Old 07-03-2020 | 07:44 AM
  #199237  
Funk
Rodeo clown
 
Joined: Feb 2017
Posts: 703
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From: Tractor seat
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Originally Posted by Denny Crane
Sooooo, in terms of potential bankruptcy, it possibly puts that further down the road?

Denny
Without renegotiating the covenants, creditors could declare us in default of the terms and seek immediate payment (obviously a very hardball move and not without expense and risk). This puts us back in good standing with the terms of that debt, although not without a cost. The question of bankruptcy still goes back to revenue versus expenses and whether we can continue operating while servicing debt.