Evergrande is not filing for bankruptcy but restructuring its debt. - The Great Awakening

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Evergrande is not filing for bankruptcy but restructuring its debt. (www.washingtonpost.com)

posted 1 year ago by villageidiot22 1 year ago by villageidiot22 +25 / -0

China's Evergrande says it is asking for US court to approve debt plan, not filing for bankruptcy

A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion in debt says it is asking a U.S. court to approve a restructuring plan for foreign bondholders and denied what it said were news reports suggesting it filed for ba...

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– TomPaineSentMe 5 points 1 year ago +5 / -0

That's a type of bankruptcy

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– villageidiot22 [S] 4 points 1 year ago +4 / -0

Correct, but not full-blown bankruptcy as many are saying. that's why the impact was not what one could have expected.

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