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Re: JimProfit post# 50821

Friday, 11/10/2006 4:26:51 PM

Friday, November 10, 2006 4:26:51 PM

Post# of 157299
Jim

Are we having a problem with semantics here? I believe there was a filing. You've convinced me of that. However, at this time we don't really know for a fact who filed it, do we? The word "bogus" has been bandied about here. To some ( and perhaps you ) the word "bogus" might be interpreted to mean the filing didn't occur. To others, it means the filing didn't occur. Some would say it means the filing did occur but it has no standing. It has been alleged that it has no standing because it was filed by someone who had no authority to file it.

I believe it was you who said an insolvency petition could be filed by a creditor or some other interested party(s) in Germany. I don't know anything about German bankruptcy laws but I do know the US bankruptcy code does provide for involuntary petitions. It then remains to be determined if the petition has merit.

Borrowing from the poet, "How do I love thee (or) How is a bankruptcy petition filed? Let me count the ways". :>)

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