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[–] Kannibal 0 points (+0|-0)

All of the destruction comes with a heavy price tag—PG&E says it has over $50 billion in liabilities, according to the bankruptcy filing. PG&E contends it’s unable to meet that obligation, which is why the company is filing for Chapter 11 bankruptcy protection. In doing so, PG&E will be able to freeze its debts and continue to offer service as the company reorganizes under the direction of a bankruptcy court. The problem, however, is that the bankruptcy court will prioritize the interest of the creditors who are owed money and not the fire victims, tens of thousands of whom were displaced, or the customers who pay a monthly bill to the California energy giant.