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Yellow | A new article on Yellow Corp released today by CNBC

..."Other Treasury officials have said the loan cannot be modified because Yellow is in bankruptcy and that new Congressional authority would be needed to issue a new loan since the CARES Act authority has expired. Yellow’s would-be rescuers are disputing Treasury’s legal opinion."... Isn't that the whole reason to file Chapter 11 to restructure debt?
 
Kennesaw Kid said:
..."Other Treasury officials have said the loan cannot be modified because Yellow is in bankruptcy and that new Congressional authority would be needed to issue a new loan since the CARES Act authority has expired. Yellow’s would-be rescuers are disputing Treasury’s legal opinion."... Isn't that the whole reason to file Chapter 11 to restructure debt?
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Maybe a lot of way overpaid people acting like they know what they're talking about.
 
chevy driver said:
The one line in that article sticks out like a sore thumb. Her and a group of investors which means gonna borrow the Moneyfrom same devils Yellow did
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The difference is, maybe she have smart peoples and not dummies in place already , who know how to run and manage a LTL Freight company like , ABF and SAIA, Old Dominion, HELLO :emoticon digging:
 
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Kennesaw Kid said:
..."Other Treasury officials have said the loan cannot be modified because Yellow is in bankruptcy and that new Congressional authority would be needed to issue a new loan since the CARES Act authority has expired. Yellow’s would-be rescuers are disputing Treasury’s legal opinion."... Isn't that the whole reason to file Chapter 11 to restructure debt?
Click to expand...
Why restructure debt, when there are enough assets to repay the debt?
 
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