[busterarm]

European bankruptcy law doesn't allow them to do a graceful shutdown. The company is forced to stop operations.

That's the major difference between American and European bankruptcies.

[labster]

Wow, harsh. If we had that in the US, half of California would be without electricity and heating fuel for months, given the current state of PG&E.

[groestl]

That's just not true (source: worked for a bankrupt European company once)

[busterarm]

Not all European countries, just the vast majority of them.

https://www.npr.org/sections/money/2017/10/04/555646290/epis...

[skrebbel]

Could you elaborate? Why not?

[busterarm]

`The company is forced to stop operations.`

[skrebbel]

I mean, what aspect of European law prevents companies from shutting down gracefully?