So they were declared bankrupt, and then the original owners were able to purchase half of the bankrupt company and its assets? How the fuck is that legal? Did they pay market price? Or essentially offload all of the debt and rebuy the assets at a steep discount?
So they were declared bankrupt, and then the original owners were able to purchase half of the bankrupt company and its assets? How the fuck is that legal? Did they pay market price? Or essentially offload all of the debt and rebuy the assets at a steep discount?
With government money, capitalism baby. Watch Louis Rossmanns ongoing vids about this.
https://m.youtube.com/watch?v=eZLkZEGNBV0