Asyst Technologies, Inc. (fka ASYTQ)

[trader53]

Pre-Petition Liabilities of $77million, from the February 2010 8K.

Pre-petition Liability:

A liability that a company incurs before filing for bankruptcy protection. Most pre-petition liabilities are reduced or discharged in bankruptcy proceedings; the person or company to whom a prepetition liability is due should not expect to receive the full value of the liability unless it is secured by some asset. A pre-petition liability contrasts with a post-petition liability, which usually must be paid in full.

"Secured claims total of $77 million was obtained from the Schedule of Assets and Liabilities and represents guarantees made by the Company as defined in the Creditor Agreement dated July 27, 2007. As the secured claims are not directly held by the Company, these amounts are not presented in the Company’s balance sheet. "

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7070883