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#debtors — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #debtors, aggregated by home.social.

  1. CW: Long thread/5

    Inflation is bad for banks, whose fortunes rise and fall based on the value of the interest payments they collect from #debtors. When the value of the dollar declines, lenders lose and borrowers win. Think of it this way: say you borrow $10,000 to buy a car, at a moment when $10k is two months' wages for the average US worker. Then inflation hits: prices go up, workers demand higher pay to keep pace, and a couple years later, $10k is *four* months' wages.

    5/

  2. CW: Musk bankruptcy liability

    Chapter 11 of the US #bankruptcy code gives #debtors a number of protections, incl. non-debtor third-party releases (note a company director or officer in this case is considered #nondebtor), and use of divisional #merger transactions to separate assets and #liabilities. #AlexJones of #infowars infamy has filed under #chapter11 and as a result not expected to pay anywhere near the $1bn he owns #sandyhook victims vox.com/recode/2022/10/19/2341

  3. #china:

    Hebei court unveils program to expose deadbeat #debtors

    chinadaily.com.cn/a/201901/16/WS5c3edfb8a3106c65c34e4d75.html