| bdbdbd said: @RVDonda: I don't know the correct term in english, but the process where an instance a company owes money to, files a lawsuit to get the court to grant the creditor the access to the companys assets and order the company bankrupted. During the process, all the creditors must make their claims for the money the company filed is owes to them. If the company finds an agreement on how to pay what it owes or finds new funding to pay the debt, the case ends and the company can continue its life. I don't what kind of is the process in each country, but that's how it works around here. So, what i wanted to say is, that if the creditors started to sue Sony for the money it owes, how would Sony get out of the situation? Or would it go bankrupt? This perhaps answers the question in the OP. |
I don't even think that is possible to force a company into bankruptcy without them wanting to file themselves. Maybe someone could win a case against them for a judgement the company feels they will never be able to pay and can then just decide to file bankruptcy? but what you are suggesting, I don't think can happen. Bankruptcy is meant to help forgive a company's debt so that they can either restructure to survive and try again or just fold and stop existing. Why would a company/person want to force a company into bankruptcy? That means the person that owes them money just gave up on trying to pay them back and they'll only get a percentage of it. Even if a company is losing a lot of money but people keep letting them borrow money to keep operating, the creditors want the company to stay in business because the longer they stay in business the higher they move up the priority to get paid as the older debt is slowly paid off(obviously they are taking on more new debt than old debt though as they are not profitable).
Atleast that's how I believe it works here in America. I don't know about other countries, and I don't know about Japan.
