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A comment on Turkey bans use of cryptocurrencies for payments. Parent comment
Not really. It's a refinancing of the firm in a new structure. That happens all the time - with huge amounts of borrowed money.
Getting rid of deadweight loans and refinancing elsewhere is what administration is for, and what happens regularly.
In fact freeing up collateral and sending losses abroad makes a firm more creditworthy, not less.
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Not really. It's a refinancing of the firm in a new structure. That happens all the time - with huge amounts of borrowed money.
Getting rid of deadweight loans and refinancing elsewhere is what administration is for, and what happens regularly.
In fact freeing up collateral and sending losses abroad makes a firm more creditworthy, not less.