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Originally Posted by blueash
I'm going to guess you didn't get to the end of the report you cited. It clearly says they are not going out of business. Bankruptcy is a legal maneuver to restructure or eliminate debt while attempting to find a more successful path forward.
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Thanks for the education on bankruptcy. But bankruptcy involves a re structuring plan - and if you’ve ever been to the WOB in Brownwood, you would see it is not a well performing location.
It will get re-structured out of existence. They’ve been in Brownwood for at least 4 years, they might have had a 5/6 year lease -so writing it off will help the restructure.