Thread: M&M Bankruptcy
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Old 04-10-2016, 15:30   #45
Less
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Re: M&M Bankruptcy

Quote:
Originally Posted by Restless View Post
Yep. As stayed above in my post. Good guy is harry. I brought him a model subway train back from London as a random surprise


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Now I'm no economist ( my bank statement proves this once a month), however having to keep an amount of money in your accounts against each of your buses surely makes that dead money?
If say I had 3 buses and assuming the figure 3k per bus 9k is tied to the account, you can't use it, so, if one bus blows it's engine and the cost of the replacement is say 5k, that means you can't run 2 of your buses legally because you have to pay for the repair but aren't allowed to because you no longer have 6k in your account even to keep the other two buses even though they may well be roadworthy?
So instead of using perfectly good money that you have, you would be forced to borrow just to keep two thirds of your fleet running.

It seems wrong, perhaps I'm reading it wrong?
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