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Apache · 11-22-2020, 07:02 PM

The only way I know of to get out of financial obligations is to declare bankruptcy and I can not see Disney doing that. Back when Zales Jewelers declared bankruptcy in 1992 they had millions of dollars in goods on memo from a company called Town and Country. Memo goods you do not own they are loaned to you with the understanding that when you sell something you pay for it. The company can ask for the goods to be returned at any time. The judge presiding over the bankruptcy decided that Zales did not have to pay for or return the goods that they still held. Zales to this day brags about how they emerged from bankruptcy a stronger company. Town and Country went out of business.

Apache

11-22-2020, 07:02 PM	#3
Apache Readaholic Posts: 5,280 Karma: 90000484 Join Date: Sep 2011 Location: South Georgia Device: Surface Pro 6 / Galaxy Tab A 8"	The only way I know of to get out of financial obligations is to declare bankruptcy and I can not see Disney doing that. Back when Zales Jewelers declared bankruptcy in 1992 they had millions of dollars in goods on memo from a company called Town and Country. Memo goods you do not own they are loaned to you with the understanding that when you sell something you pay for it. The company can ask for the goods to be returned at any time. The judge presiding over the bankruptcy decided that Zales did not have to pay for or return the goods that they still held. Zales to this day brags about how they emerged from bankruptcy a stronger company. Town and Country went out of business. Apache