Comment by triceratops
6 hours ago
> The bankruptcy court didn’t agree that having too much money was a grounds for dismissing the bankruptcy filing. The appellate court reversed, finding that a company that had too much money was legally precluded from filing for bankruptcy.
I understood that. My question was why challenge the bankruptcy if there was apparently already enough money for everyone who won? Why not just go to bankruptcy court and pick up your check?
EDIT: Looks like this question was answered with an edit to the post I replied. Thanks!
Another commenter https://news.ycombinator.com/item?id=47224462 said that
1. funding commitments have been unenforceable in other Texas two step bankruptcies
2. allowing a bankruptcy court to figure out payments would turn all the thousands of plaintiffs' cases into a defacto class action (my understanding of what this person wrote).
No comments yet
Contribute on Hacker News ↗