Poll of the Day > Takata may file for bankruptcy

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Aaantlion 06/16/17 3:53:19 PM #1:	Have you ever used a car's airbag? Yes I've never been in a serious accident I've been in a serious accident but the airbag didn't deploy View Results NBC and other semi-reliable outlets are reporting that Takata -- the company behind the exploding airbag scandal -- may soon be filing for bankruptcy. http://www.nbcnews.com/business/autos/takata-will-reportedly-file-bankruptcy-after-airbag-deaths-n773246 Not sure if that lets them out of their criminal fines as well as their civil settlements to both victims and automakers --- (\/)(\/)\|-\| <cite>Aaantlion posted [p:881242056] in Takata may... [t:75469322]...</cite> <quote> Have you ever used a car's airbag? Yes I've never been in a serious accident I've been in a serious accident but the airbag didn't deploy View Results NBC and other semi-reliable outlets are reporting that Takata -- the company behind the exploding airbag scandal -- may soon be filing for bankruptcy. http://www.nbcnews.com/business/autos/takata-will-reportedly-file-bankruptcy-after-airbag-deaths-n773246 Not sure if that lets them out of their criminal fines as well as their civil settlements to both victims and automakers</quote> ... Copied to Clipboard!
Dynalo 06/16/17 3:55:19 PM #2:	Aaantlion posted... Not sure if that lets them out of their criminal fines as well as their civil settlements to both victims and automakers It typically does, and is why corporations are their own entity under the law (to prevent you from going after the owner directly). What'll happen is they'll need to liquidize their assets and pay what they can with the money they have, and that's it. --- Assassins do it from behind. <cite>Dynalo posted [p:881242184] in Takata may... [t:75469322]...</cite> <quote><cite>Aaantlion posted...</cite> <quote>Not sure if that lets them out of their criminal fines as well as their civil settlements to both victims and automakers</quote> It typically does, and is why corporations are their own entity under the law (to prevent you from going after the owner directly). What'll happen is they'll need to liquidize their assets and pay what they can with the money they have, and that's it.</quote> ... Copied to Clipboard!
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