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rudiger
Apprentice
Joined: 02 Apr 2005
Posts: 3
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 Posted: 10/01/08 - 08:13 Post subject: |
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| I read a newspaper article about a firm's debt being cancelled. It was very interesting and now I am asking myself whether this is something that occurs more often, or whether it is a very rare thing. Have any of you experience with this? I would like to hear from you in that case. |
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avigdor
Apprentice
Joined: 10 May 2006
Posts: 3
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| Posted: 10/30/08 - 23:06 Post subject: |
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| This is not something that happens very often to be honest with you. The firm in question was more likely than not a public one, or semi public one. If not, debts are not cancelled but the company goes bankrupt instead. What would be the reason for saving the company? |
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