Responses
you're so right bc in any business liquidation, the ones who has the first claims over the company assets are the lenders. and you gotta do it or else you'd go into multiple lawsuits
beta
you're so right bc in any business liquidation, the ones who has the first claims over the company assets are the lenders. and you gotta do it or else you'd go into multiple lawsuits
"you're just a lender" it's true that shareholders have voting rights in the company but it doesn't mean creditors arent important. let's say your company goes into liquidation (basically went bankrupt), the assets will go to the creditors first, investors get the leftovers, in some cases they don't get anything at all. so yeah, lenders arent less significant than shareholders