They were no more broke September 24th than they've ever been. Being broke is what startups do.
One must ask why this bluff to begin with. Then one must ask why they suddenly filed for emergency withdrawal of counsel only to never file for substitute.
Incorrect. As Judge Kwan states:
Kwan had the option to choose a conversion to Chapter 7. He didn't. And this was after:
So he agrees to allow the termination of Marshack Hays counsel after considering the arguments and representations. Knowing this, he then chooses dismissal over Chapter 7 conversion should Vision fail to have valid declaration for never obtaining substitute representation. Seems to me like his jurisprudence would not opt for a mere dismissal if:
After all, if dismissed, and no bankruptcy filings for at least 180 days. How they gonna keep the lights on Judge? Guess we'll have to find out.
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