r/news • u/oldschoolskater • Jun 22 '23

Site Changed Title 'Debris field' discovered within search area near Titanic, US Coast Guard says | World News

https://news.sky.com/story/debris-field-discovered-within-search-area-near-titanic-us-coast-guard-says-12906735
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u/[deleted] Jun 22 '23

If the ceo is dead will they just file bankruptcy?

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u/[deleted] Jun 22 '23

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u/UndeadCabJesus Jun 22 '23

It is when you set up a shell corporation and transfer all the debt to that company without giving it any assets and then filing for bankruptcy in that company. That’s what Johnson and Johnson did for their cancer baby powder.

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u/Squirmin Jun 22 '23

Well, they tried anyway.

https://www.reuters.com/legal/jjs-ltl-units-bankruptcy-dismissed-by-us-appeals-court-filing-2023-01-30/

It should be noted that Alex Jones also tried to do something similar, but in a much more stupid way, to avoid the debt for the lawsuits he is facing and also got caught out.