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no_hypocrisy

(46,080 posts)
6. Here's the issue.
Fri Jul 2, 2021, 12:45 PM
Jul 2021

Lots of loans, lots of banks. May not have enough money (even after liquidation of assets) for everyone.

Then Chapter 9 of the Uniform Commercial Code takes over as far as establishing priority, IOW, who gets paid first and how much.

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