RE:No 16 million savings, fake infoEverything is fake to you when you don't have the proper DD it seems. You can't call documentation fake, that's not how things work.
I subscribe and pay for court documents, as such my numbers and post is 100% correct.
You need to understand that when a subsidiary files chapter 11V that the liabilities within that subsidiary that are nullified ($16 mill in this case) in turn are reciprocate nullified at the parent company level.
The parent company holds the subsidiaries under it's umbrella and is the direct benefactor to the nullified liabilities. It's really not a hard concept to grasp. There are plenty of helpful websites that can explain this.
As for your feelings on how this all works, that's not relevant to how the law works.
TAAT Global Alternatives Inc would not be the first or the last company to take this approach.