tkj23qe1387
Member
I see a lot of places just saying "closure", and bankruptcy is never mentioned. This is true of EC's announcement as well.
Yeah a wind down under state law may have less publicity. There is no automatic stay over litigation. This option would make the most sense if they expect to make all creditors whole (pay all wages, repay all loans, and deliver all orders). Colloquially there is not that much difference in terms of the cause and effect between bankruptcy and wind down.