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khueytoday at 7:45 PM1 replyview on HN

They literally went bankrupt and wiped out the original shareholders.


Replies

hamdingerstoday at 7:57 PM

I guess I'm just not clued into your exotic definition of "survived" if continuing to function doesn't qualify. I tend to go by the dictionary definition.

Chapter 11 is not Chapter 7. Businesses survive chapter 11 bankruptcies all the time. For example, WeWork.