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A comment on Behind the financial maneuvering at Hostess. Parent comment

Re:Behind the financial maneuvering at Hostess by harryh on Sunday December 11, 2016 @06:11PM (#13154031)
Banks in the US are free to demand personal liability that goes beyond the company if they feel the risk demands it. Of course, it's a free market, so if some banks are willing to make the loan without doing that they'll probably win the business instead.
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Re:Behind the financial maneuvering at Hostess by anarazel on Monday December 12, 2016 @06:52PM (#13163229)
That doesn't help previous creditors (including say employees, landlords, suppliers, etc), which now have to deal with a massively over-leveraged company, which is more likely to go out of business.
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Re:Behind the financial maneuvering at Hostess by nommm-nommm on Sunday December 11, 2016 @10:40PM (#13155333)
Banks readily issue small business credit cards backed by personal assets.
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