View Single Post
      07-31-2009, 06:16 PM   #89
Ramos
Colonel
Ramos's Avatar
54
Rep
2,128
Posts

 
Drives: 2014 M235
Join Date: Nov 2007
Location: So-Cal

iTrader: (6)

Quote:
Originally Posted by Montoya View Post
When your debt exceeds your assets that defines bankruptcy.

Really?? First off all dude, debt can never exceed Assets on a Balance Sheet unless you have Negative Equity !!!

Bankruptcy is defined when a business is no longer viable as an ongoing concern... It has to do with FUTURE revenues and FUTURE ability to service your debt... Porsche is VERY VERY much a going concern, and nowhere near bankruptcy, they are just playing control games with VW.. It's all in the family anyway... Don't post B/S please