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re: SEC Enrollment Numbers
Posted on 4/27/15 at 12:03 pm to lsupride87
Posted on 4/27/15 at 12:03 pm to lsupride87
quote:
If you want I can explain how the ramifications and legal proceedings differ in almost every way from bankruptcy
Yes please
1
Posted on 4/27/15 at 12:09 pm to Gradual_Stroke
quote:It is simple really. Bankruptcy applies when a persons assets no longer can cover their debts. Basically their net worth is in negative numbers. They can then file bankruptcy and get some of their debts expunged.
Yes please
Financial exigency is when a university drafts a plan to cut programs that are no longer necessary to their existence. So, in a way, "cut their debts". This is why lazily some will compare it to bankruptcy. However in no way does it mean our debts outweigh oUr assets. So in reality it is an extremely poor correlation
Now see, you learned something today.
ETA: This is an extreme simpleton definition of both
This post was edited on 4/27/15 at 12:11 pm
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