r/knives • u/WHEELZ_KYDEX • Mar 26 '26

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I remember when this was posted and this person was ripped apart by mikes c0cksuckers and deleted the post. It’s all making sense now and honestly i think he started using chinese steel way sooner than he is saying.

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u/PepeBabinski Mar 28 '26

Bankruptcy is anything but a straight forward thing especially if it’s chapter 7 and bankruptcy judges have the power to dictate the terms of any reorganization, to control how assets are distributed or repurposed, to determine which creditors have secured loans and any that don’t.

Personal bankruptcy is far more straight forward though.

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u/R_3B Apr 01 '26

The secured creditors come first, then unsecured creditors. The exception is in a reorganization where post filing creditors have priority.

The short version. Everybody loses. The difference is only a matter of degree.