Reading about Rite Aid filing for bankruptcy. They have 3.3 in debt. By claiming bankruptcy they just wash their hands of it? Who eats all the debt?
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Ultimately, some of the creditors won’t be repaid as originally agreed.
Creditors will accept a restructured payment plan if they do believe that they have a better chance of being repaid more if the company is given better terms on it’s obligations than if it were allowed to continue running until it was forced to liquidate and cease operations.
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