Default and Bankruptcy: Black, white and shades of grey
aswathdamodaran.substack.com
The talk of default is all around us, as we watch Greece and Italy struggle with impending disaster and the fight over debt limits in the United States fills the airwaves. But what is default? What are the consequences? And given a choice, when is default the best option?
Default and Bankruptcy: Black, white and shades of grey
Default and Bankruptcy: Black, white and…
Default and Bankruptcy: Black, white and shades of grey
The talk of default is all around us, as we watch Greece and Italy struggle with impending disaster and the fight over debt limits in the United States fills the airwaves. But what is default? What are the consequences? And given a choice, when is default the best option?