Aug
05
In regard to the pecuniary principal of “priority to assets between bondholder and judgment creditor rights”, quite a bit depends on what is going in continuance with the business or unshaken involved at the time of judgment, as liquidations occur in Chapter 7 bankruptcies-not Chapter 11. The company or firm almost always will have filed for protection in a state of inferiority to the federal government with a load of devastating debts preventing them from operating any further, by the assets of the company or firm being sold off to pay off outstanding debts to creditors and investors.