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Re: implication post# 28630

Monday, 11/24/2014 6:47:11 PM

Monday, November 24, 2014 6:47:11 PM

Post# of 34476
The only problem with your entire hypothetical is that you don't understand how basic bk works. The judge does not act unilaterally until the proceedings have been entered. At this point we are still in the filing stage as proceedings cannot be entered until they have representation, so if there is no representation then it is dismissed. If they enter into proceedings, with representation, then the judge could order whatever they deem to be the best route for restructuring or debt conversion/liquidation. We have not reached that yet though, as of now we are technically not even in bk, as we have only filed to begin, and representation must be had first, which Martin as of now does not have.
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