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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Lambo ✧✺🐝  😊 😞
Number: of 84364 
Subject: Re: The Farce Is Strong With This One
Date: 06/17/26 9:02 AM
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allowed his companies to eliminate or restructure massive debts

NET
Yes. Some investors and serial entrepreneurs strategically use Chapter 11 reorganization as a calculated tool to shed debt, escape unfavorable contracts (like real estate leases), and strip away liabilities. It acts as a legal vehicle to reset balance sheets, rather than a last resort to close the business.

Ya don't want to run a country this way though.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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