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Message
re: Seadrill Bankruptcy
Posted on 10/4/17 at 12:22 pm to GenesChin
Posted on 10/4/17 at 12:22 pm to GenesChin
No idea on when, they will last until the creditors pull the plug and realize their loss.
They don't have the luxury of Chapter 11 and a Swiss bankrupcy can be triggered by any single one of their creditors, a very fragile coalition to try and hold together.
LINK
It can get weird where one or more creditors will pay off another to stave off realizing a loss.
They don't have the luxury of Chapter 11 and a Swiss bankrupcy can be triggered by any single one of their creditors, a very fragile coalition to try and hold together.
LINK
It can get weird where one or more creditors will pay off another to stave off realizing a loss.
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