As a former restructuring and bankruptcy advisor at Lazard, I can recognize the signs of a company in distress. And it’s a pretty obvious tell that there’s financial trouble brewing when a company stops paying its bills.

We can only hope 🙏

  • Givesomefucks@reddthat.comEnglish
    2·
    1 year ago

    There was escrow fail-safes.

    If they didn’t pay, there was funds sitting there to avoid downtime.

    Took a while to burn through them, then they never got replenished.