Sep. 18, 2018
Could Tesla be headed to bankruptcy?
It may be the top electric car manufacturer, but Tesla will need more than adrenalized enthusiasm to stay afloat.
Jonathan A. Michaels
Managing Partner
MLG Attorneys at Law
Phone: (949) 581-6900
Email: jmichaels@defectattorney.com
Whittier Coll SOL; CA
Jonathan specializes in representing clients in the automotive industry.
There's no shame in a bankruptcy filing. The ability to discharge accumulated debt is one of the fundamental underpinnings of America's entrepreneurial system. While no one likes to lose out on repayment of a debt, the safety net provided by the U.S. Bankruptcy Code is what allows individuals to take risk, innovate and explore. Without it, the growth curve of our capitalistic society would suddenly flatten, as new ideas would be too risky mine.
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