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A comment on Evergrande shares plunge as much as 87% as trading resumes after 17 months. Parent comment

Re:Evergrande shares plunge as much as 87% as trading resume... by Sakos on Monday August 28, 2023 @04:18AM (#37291262)
The problem is the term "bankruptcy". Colloquially people seem to think a company is just out of money. All you need to file for bankruptcy is to be unable to service debts at a specific time. It might even just be a transitory state.
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Re:Evergrande shares plunge as much as 87% as trading resume... by slv77 on Monday August 28, 2023 @08:06AM (#37292787)
A company is insolvent when liabilities exceed assets. Companies can remain insolvent indefinitely unless they miss a payment at which point a creditor can force them into bankruptcy where a court oversees liquidation.

Evergrande is insolvent and is now bankrupt. There is no reasonable scenario here where the company continues to operate as a growing concern.

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Re:Evergrande shares plunge as much as 87% as trading resume... by quickthrower2 on Monday August 28, 2023 @05:37PM (#37300718)
TIL, more than one time of insolvency: https://en.wikipedia.org/wiki/Insolvency
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