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Re: joshgets46 post# 29020

Friday, 09/02/2016 1:12:18 PM

Friday, September 02, 2016 1:12:18 PM

Post# of 31561
Here is what Chapter 7 bankruptcy is.

http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics

The creditors are attempting force liquidation of Tibbar Energy assets for repayment of the debts owed.

If Tibbar wants to remain "in business", they would be filing for chapter 11 (able to restructure or form a repayment plan)

http://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

Thanks for your input.

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