So anyway, what happens in Chapter 11?

So the perceived lending risk went down.

Actually, let me draw a couple more assets here just to show you this is the stinkiest of them all.

Remember the shares are split of the owner's equities not the split of the assets

So its assets.

I'll do that in yellow.

So in this situation, the company is worth what?

That assets, A for assets, is equal to

So I have 100 plus 300 plus 250 so it's 100.

Malibu Equity and Investments.

And what I wrote here is, it has 4 billion of liabilities.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

You'd have to give up 93 of your net worth.

I don't want to draw this box.

And rich, eh?

Let's stick with gold.

Remember liabilities plus equities are equal to assets.

So what's our new balance sheet, after we've unloaded a

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

Or they just have a super flush bank account.

So 225,000

So I have 300, 400, 700, 1,000.

liabilities plus equity.

The family property was distributed among the relatives.

Well, this is New York State, Art. You'll write her a check for half of everything.

So that's the situation we're dealing with.

I won't use the square tool.

We had a 10 return on assets.

And why don't you like them as much?

And it's worth 100 gold.

That might be true to some degree.

The Raider's a military asset.

And if you look at the species level, you saw about fish.

So the value of my assets go down by 50 .

These are my assets, and these are my liabilities.

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

U.S. government bonds.