On second thought - I don't think so if Francine files for bankruptcy protection.
Francine only paid $ 150,000 in cash - plus assumed the debts of Leisure Time Spring Water - when she bought the bottling facility out of bankruptcy in 2009.
At present the debts are lower than the value of the property. And so a buyer - such as John Marren - could make an offer to buy Boreal for $ 150,000, plus assume all debts and settle all lawsuits.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.