@Smiley2391 Dude...burger king filed chapt 11 "Protection and re-organization" back in early 2000's i believe. Look at them now, still a MASSIVE company with restaurants around the world. Chapt 11 (protection against lenders liquidating their assets) is NOT the same as Chapt 7 (liquidation and closing). PLUS, even if they liquidated, they'd STILL HAVE around $3 BILLION. Why do you think a bank would give them 1.6 billion loan if they didn't have valuable assets that EXCEED the loan amount??? EXACTLY. Chapt 11 is NOT death of company, its protection from liquidation while they regroup and rebuild. get the facts right :) Good luck whatever you do :)
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