Hidden in the deep and mysterious undercurrents of the Federal legal machinery, billion-dollar Law Firms, profit offsetting Debters-in-Posession, and Parasitic Restructuring Teams methodically extract unimaginable financial compensation from the many hopeless, helpless and beleaguered businesses unlucky enough to file for Chapter 11 ‘relief’.
Well, we’re on credit-hold with every one of our vendors, we can’t pay our staff, our taxes or operating expenses; looks like we’re heading for Chapter 11.
Right. Now all of our debt will be resolved and a Debtor-In-Posession can loan us about 20 million dollars that they don’t expect to recover; they will use that loss to tax-offset profit from their other business interests and the loan funds mostly to pay excessively padded legal and professional fees. The objective here is to delay, extend and postpone definitive resolution of the case in order to optimize the Business of Bankruptcy. Unsecured creditors lose, lawyers win.
Right. Now all of our debt will be resolved and a Debtor-In-Posession can loan us about 20 million dollars that they don’t expect to recover; they will use that loss to tax-offset profit from their other business interests and the loan funds mostly to pay excessively padded legal and professional fees. The objective here is to delay, extend and postpone definitive resolution of the case in order to optimize the Business of Bankruptcy. Unsecured creditors lose, lawyers win.
by YAWA September 01, 2025
Get the The Business of Bankruptcy mug.