Re:PG&E Sparked at Least 1,500 California Fires, Now Faces C...
by dragonwriter on Monday January 14, 2019 @05:03PM
(#18906961)
> Bankruptcy doesn't magically cancel your debts
Bankruptcy sets a legally-defined priority of creditors, and prevents execution of judgements (it doesn't stop them being found liable and establishing a debt, but it does prevent execution of the judgement, i.e., by seizing assets to satisfy the debt.)
> you have to liquidate (almost) all of you assets.
Bankruptcy sets a legally-defined priority of creditors, and prevents execution of judgements (it doesn't stop them being found liable and establishing a debt, but it does prevent execution of the judgement, i.e., by seizing assets to satisfy the debt.)
> you have to liquidate (almost) all of you assets.
Sure, California could bid on the assets.