Quote:
Originally Posted by TRZ06
And how many vendors got shafted and had to take a loss in bad debt??
It's a shitty practice.
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He didn't actually go bankrupt. I would agree with you if he went bankrupt to avoid debt then started out somewhere else. That is a shitty practice and you see that all too often.
That is not the case, in fact what he did would protect the vendors whether he was in debt or not. Any company buying Dinan (unless they are dumb) would do full do diligence on the books and the debt would be assumed at the sale, or taken out of the proceeds that went with the sale.
So all in all everyone made out ok, if it was a bad deal for the buyers thats their fault for not doing their homework.