Re:Yield Curves Invert in U.S., U.K
by learc83 on Wednesday August 14, 2019 @07:15PM
(#20700985)
Can't the bankruptcy trustees come after the owner when they see that the machine was sold far below value? They do something similar in personal bankruptcy.
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Re:Yield Curves Invert in U.S., U.K
by yellowapple on Wednesday August 14, 2019 @07:55PM
(#20701239)
Selling things below value is pretty typical in a liquidation/bankruptcy scenario, though.
Yeah but there are limits. If I'm about to go bankrupt and I sell my $700k house to my brother for $150k, the trustee isn't going to let me get away with that.
Those limits are dynamic based on connections / how many white shoe lawyers you are willing to fund.
An established real estate family will have plenty of room to shuffle assets and credit lines around in a favorable way within those limits... for a generation or two.