Discussion in 'Financial Futures' started by failed_trad3r, Jul 2, 2010.
Can corporations stop paying interests on bonds they issue?
is that the guy, who call daytraders dumb just yesterday?
stop humiliating yourself on public...it's called default..-
lol didnt know that.
BTW, can a company issue dividends and default on a bond to pay dividends?
don't' think so...there is certain priorities and common stock,preferred stocks(and likely their dividends) are typically last on the list
Well.... they can - in which case they are in default; They'll need to seek chapter 11 protection to stay off the creditors. Seniority and priority only matters in terms of liquidation, which is complicated by the bankruptcy process. In anycase, the OP's question is idiotic.
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