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Bankruptcy

: Georgia Bankruptcy Blog

Would Bankruptcy Be A Better Option For Bear Stearns?

By Scott Riddle

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At least one investor believes Bankruptcy is a better option for Bear Stearns than the $2 per share offer by JP Morgan.From CNN Money - Here's what Nye Lavalle, a private investor, investor and consumer advocate, in Atlanta, writes: My recommendation and our vote of our shares will be to turn down the proposal and force a bankruptcy liquidation. Now why, some may ask, would we prefer bankruptcy?Well, since many of Bear's ABS/MBS deals were really financing of receivables and not "true sales read more

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Full post as published by Georgia Bankruptcy Blog on March 21, 2008 (boomark / email).

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