Quote:
Originally Posted by Diverdave
Absolutely correct, bankruptcy is simply a way of saying "Please give me some room to breath while I get back on my feet, I think I can make this work out if you will just work with me"
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That's one way to look at it, but if you are the one that lent them money, you hear something different. What lenders hear is, I want to keep my business open without paying back the money I borrowed from you and promised to pay back, with interest. Don't get me wrong, I feel bad for the businesses that are getting hit with forced closings and a weakened economy, but lenders are in business also. And if enough of the businesses they lent money to file for bankruptcy, they could also be forced into bankruptcy. Lenders seem to be viewed by many as the bad guys, but they are not.