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Re:Toys 'R' Us Founder Charles Lazarus Dies at 94 by beojan on Friday March 23, 2018 @08:19AM (#16657193)
No, there the house is collateral.

In this case, instead of the lender simply taking over the acquired company, the acquired company declares bankruptcy and is liquidated.

Re:Toys 'R' Us Founder Charles Lazarus Dies at 94 by mseebach on Friday March 23, 2018 @09:12AM (#16657671)
But a bank will just hand over money for an LBO without taking collateral?