Old 01-17-2024 | 11:24 AM
  #18  
Myfingershurt
Line Holder
 
Joined: Jul 2015
Posts: 1,588
Likes: 4
From: MD-88 FO
Default

Originally Posted by AYLflyer
I can't imagine they actually go CH 11. Someone out there with money would step in to save them before they even come close to the liquidation phase. Hell, companies like rivian and Lucid get hundreds of millions/billions from outside investors and they barely even have a product to sell.
Yeah, it’s called DIP financing and usually happens as part of the chap 11 process.
Reply