"The alternative to liquidation-reorganization-can work well in normal times, as in the United Air Lines bankruptcy..The reorganized business is able to borrow money b/c its post-bankruptcy borrowings..are given priority over its pre-bankruptcy debts, which are usually written down in bankruptcy.."
The US embargo of Cuba began in 1960, a year after Fidel Castro turned this island toward communism. It was extended to food and medicines in 1962, the same year as the showdown with Russia over th...
"The alternative to liquidation-reorganization-can work well in normal times, as in the United Air Lines bankruptcy..The reorganized business is able to borrow money b/c its post-bankruptcy borrowings..are given priority over its pre-bankruptcy debts, which are usually written down in bankruptcy.."
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The Becker-Posner Blog
The US embargo of Cuba began in 1960, a year after Fidel Castro turned this island toward communism. It was extended to food and medicines in 1962, the same year as the showdown with Russia over th...
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