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Comment by drfuchs

Important to note that it's a "Chapter 11" bankruptcy, which loosely translates to "Our creditors and shareholders will take a big loss, but we'll keep operating and hopefully our customers won't notice a thing." As opposed to "Chapter 7", which means "we're shutting down and doing a fire sale of all our stuff so creditors can get a few cents on the dollar."

For instance, Hertz is going through Chapter 11, but you'd never know as a customer.

parent drfuchs 5 years ago

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