BP, just like any other entity, does have finite resources. If the damages reach this limit (whatever it is), they will have to file, probably for Section 11 for reorganization purposes. Any bankruptcy would probably limit their liability and any additional costs would shift to the state and Federal governments.
I do hope they can pay all damages, but bankruptcy is a possibility. A friend (a bankruptcy attorney) once told me that "bankruptcy is just the start of the game. You use it to shield assets, not just to end claims."
Last edited by djs; 06/14/10.
