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Public Corp Question from a newb.

Simcountry: Simcountry Bulletin Board  Public Corp Question from a newb.

South

Wednesday, January 28, 2004 - 11:25 pm Click here to edit this post
Do Public Corps ever go bust? If they do, what happens to their debt? Can any1 plse enlighten me?

Lions foot

Thursday, January 29, 2004 - 02:06 pm Click here to edit this post
yes, they do. just like any private or state corp. debt is distributed among shareholders according to the number of shares they own.

Victory Corporation

Thursday, January 29, 2004 - 05:46 pm Click here to edit this post
ohh thanks
thats very helpful

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