Old 07-29-2025 | 02:44 PM
  #908  
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Originally Posted by CincoDeMayo
Get rid of the debt that the bondholders/owners own? How do you just get “rid of the debt?” You can reorganize it, IF the creditors are wanting to and a judge agrees, but it’s not as simple as just “getting rid of the debt”



Like the Seinfeld episode, “it’s a write off…they just write it off”.
I believe that's Ch 7 bankruptcy, when you can't pay people back.
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