“TGP remains both balance sheet and cash flow solvent. There is no present financial distress, no looming foreclosure sale, no prospect of a market crash. There is only the State Court Litigation in which TGP must defend itself. That’s not a basis for bankruptcy relief; it’s the justice system in operation,” Mora wrote.
The Gateway Pundit declared bankruptcy on 24 April saying it was doing so as a litigation strategy in the defamation cases filed against it. Filing for bankruptcy pauses all civil proceedings against a business.
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Gaming the system is pretty boilerplate for conservatives. Wilhoit’s Law in full display.
I’ve never heard of that one, interesting.
Wilhoit’s Law
“Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.”
