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by kmod 1108 days ago
Assuming those numbers are realized it would mean bankruptcy, essentially, and questions like this are pretty standard and well-thought-about there. IANAL but I think this is why Chapter 11 bankruptcy exists (where you keep the company going because that's valuable) vs Chapter 7 (where you liquidate it). I think the Purdue bankruptcy is similar where the company is somewhat being handed over to the people that were harmed, because that's more valuable to them than selling the company piecemeal and then distributing the proceeds.
2 comments

3M going under would be bad in a lot of ways. They are THE name is serious respiratory and other PPE, for instance.
Would it? If they can earn the value of their liabilities in three years, why not just do that?1
How can they do that? Their entire sales for full year 2022 were only $34.2 billion, with adjusted free cash flow of only $4.7 billion.

They literally could not cover the interest charges on a $143B judgment, let alone pay it off in 3 years.

I stand corrected, thanks.