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      07-31-2009, 06:16 PM   #89
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Drives: 2014 M235
Join Date: Nov 2007
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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
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