How to hold companies under bankruptcy protection accountable?
September 17, 2009 
5 Comments
pshao01 asked: What prevents a company from borrowing a ton of money, spending it all, declaring bankruptcy, and never paying back its creditors? Details: say the CEO gets a huge “salary” (this is actually borrowed money), buys himself a bunch of toys, then declares bankruptcy and never repays the money. What is the punishment for [...]
Read more
