The Progressive Agenda means the Right to Earn a Living Wage for All Americans.

Not your problem. Not my problem.

I am in favor of people acquiring valuable skills.

 

There is not a *******ned thing I can do about it..Nor could I stop the ice ages...

 

Not you alone, but the world has to take notice and turn more green.

 

Not my problem anymore, but you will pay a price for it as your costs rise dramatically and unemployment is rampant.

 

Bankruptcy simply transfers ownership of the firm from the incompetent owners to the creditors. If people want what the firm produces, then it will continue to produce under its new ownership.

 

No, it does not work that way. Not being to afford a living wage for all employees doesn't mean that the business person is incompetent.
When a large corporation is not competitive, it leaves the country to survive. Our country is comprised of small business people who cannot leave and move elsewhere. When a small business goes bankrupt, it does not transfer ownership. It closes and the creditors are paid pennies on the dollar. My working life was spent in small business. I understand how it works.

 

Turn more green by not buying manufactured goods and driving bikes, but that ain't gonna happen..

 

No, but protecting the environment from large corporations who would destroy it for profit is one way. There has to be some regulations to protect us, corporations and governments have to make adjustments and we human beings have to participate.

 

Are you willing to die for the cause? They are...

 

No, they were not, until the Trump express came on the scene. Now, they are running roughshod over the environment.

 

Yes, the creditors take ownership of the business. That's what I said.

 

No, the creditors do not take ownership of the business. They are owed money by the business and whatever assets the business has remaining are divided among the creditors, depending on the gross owed to each creditor, pennies on the dollar. The business is liquidated by a judge and the assets if any, go to the creditors and that is why they are called creditors. The last thing that a creditor wants is to take over a bankrupt business that he/she is not qualified to operate.

 

Yes. the creditors assume ownership.

Correct. As I said, the business goes to the creditors

No. The last thing a creditor wants is to lose the money she lent.

 

What did you do or what do you do for income? I am 35 years in business. You?

 

I provide value for pay. For 48 years. You?

Then I assume you know how bankruptcy works. It's a transfer of ownership.

 

What kind of value do you provide? What do you do for your pay? And why are you on your high horse? I am attempting to explain bankruptcy to you and you stubbornly insist that it is something that it isn't. Apparently, nobody can tell you anything, because you know it all.
Of course, I know how bankruptcy works and what it means. You do not. Instead, you respond with smart-ass remarks.
I owned a business that provided employment for 35 people.

• https://en.wikipedia.org/wiki/Bankruptcy
  
  Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
  

 

Except that you're not still paying rent (or shouldn't be!). 35 years is long enough to pay off a mortgage, so your costs are considerably lower just on that alone.

 

Unless he sold the house and now has a new mortgage. Life is a lot more expensive today. I paid $27,000 for my first house back then.
I paid more than that for my car 3 years ago.

 

The ONLY way to save the planet is to stop buying what they're selling. As long as they have a market for their dross, they will find a way to keep producing it.

There's nothing worse than 'greenies' who think fixing the planet means someone else doing all the work (ie 'large corporations).

 

That's not how it works. You sell your first property only when/if it increases in value sufficiently to fully fund the next move. If it doesn't increase sufficiently to do that, you don't sell! The point of the exercise is financial security later on down the line. That can only happen when you're debt/rent free. Unless you're a bazillionaire of course .. maybe he is?

 

You paid in excess of $27k for a car? Wow. But then, you're not complaining about the cost of living, so at least you're consistent!

 

I solve problems that my employer can't solve.

I am horseless

Yes, you've explained how the creditors become the owners of a bankrupt business. I agree with you on that

So you are aware that when a business goes bankrupt ownership transfers to the creditors.

 

Actually, large corporations don't have to do all the work. What they have to do is to curb their pollution of the environment and the water supply, etc. We the people are adversely affected by their activities. The population and governments also have a great role.
It better start happenin because the climate is achangin

 

Wrong

 

CBO estimates 1.3 million jobs lost with a $15 federal minimum wage. That is already happening in cities that have adopted a government forced high minimum wage. Puts the poorest and least educated out of jobs.

Looks like the progressive agenda wants to put people out of work.