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The Treasury Section also retains approximately thirty per cent of Yellow’s widespread stock as well as loan is secured by the company’s assets. If Yellow declares bankruptcy and it has to liquidate, the U.S. govt will choose about Significantly of the business’s trucking fleet and real-estate holdings.
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Opponents say it improperly requires advantage of legal applications that were intended for just what the bankruptcy code phone calls the “trustworthy but regrettable debtor.”
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