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No, a company filing for bankruptcy doesn't mean immediate closure.if YGE goes bankrupt, wouldn't they just dissolve the contracts
Why would they need to be sold
I think it really can be sold like thatBut wouldn't bank or sth own the contracts then?
Since it's about plp, i think they would just expire, it sounds too dumb that they would be left hanging or that bank could just sell them to company.
en.wikipedia.org
No you can work your way back from bankruptcy and with YG idols could be on contracts where they are paid a % of what they sell which would mean they can be paid no matter how bad the companies position is so it'd only be like behind the scenes people that YG would be in danger of being unable to pay as they'd need to be on a salary.if YGE goes bankrupt, wouldn't they just dissolve the contracts
Why would they need to be sold
Not necessarily. They can do something that it equivalent to Chapter 11 in the US where a court-appointed person will try and turn the situation around. However, the process take a lot longer in Korea. I got this info from these sources:if YGE goes bankrupt, wouldn't they just dissolve the contracts
Why would they need to be sold