According to a November 19 article in the New York Times, Pacific Gas & Electric, California's largest utility, is in a scramble to avoid bankruptcy after a devastating fall season of mass blackouts and wildfires. PG&E has repeatedly promised to pay all wildfire victim claims in full, but bankruptcy experts say troubled companies often find it difficult to do so, and many victims are left with much less than they hoped for.
“You kind of have to put ‘in full’ in quotation marks,” says Professor Ralph Brubaker, a bankruptcy expert at the College of Law.
Read the full article at nytimes.com.