Lee filing bankruptcy

http://www.poynter.org/latest-news/mediawire/154787/lee-enterprises-will-file-for-bankruptcy-after-debt-renegotiation-fails/

Best to all of those involved, including my hometown newspaper. They say daily operations won't be affected.

 

Big businesses are praised for skirting out on debt, but if an individual does the same, they are bad people.

 

That's what they're telling us too. Sounds like the bankruptcy is designed more to force a few holdout debtors into terms most of the others have accepted.

EDIT: Oh, and, thanks.

 

Got one of their papers in our town.

 

Sure seems that way Stitch.

 

I read somewhere once that the safest mortgage loan was to the salesman. The riskiest was to the general manager. People from lower socioeconomic groups tend to treat debt as a moral obligation. More affluent people treat it as an investment decision. If the underlying collateral drops in value the affluent are more likely to cut their losses.

I don't know if this is true. But what was the editorial position of Lee on mortgage relief?

 

I hear ya. WTF is up with that?

 

The story I read said the debt was being restructured, with the approval of 94 percent of the creditors, and that all creditors will be paid.

 

I thought this thread was going to be about Jarrett Lee ... or Cliff Lee ... or maybe Bruce Lee ... or about 100 other people before I would have thought of Lee Enterprises.

 

They always say that ... it usually turned out to be bullshit ...

 

Hence the placement on the journalistic topics only board. Clears the confusion from the outset.

 

Then why are they hiring bankruptcy attorneys?