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Re: Brucebannerr post# 85477

Sunday, 10/06/2019 5:38:47 PM

Sunday, October 06, 2019 5:38:47 PM

Post# of 146544
But the difference between Chapter 7 and Chapter 11 or 15 is Night and Day...
Logic = 0


No difference. Out of business and no assets . And as plainly spelled out no fantasyland plan to save it .



Seriously????! Blantly false information not related to BioAmber INC!!!

That is from CHAPTER 7 BANKRUPTCY!!!


WOW

CHAPTER 7 = NEVER HAPPENED

CHAPTER 11 = DISMISSED

CHAPTER 15 = SOON TO BE DISMISSED

AMOUNT OF SHARES CANCELLED = ZERO!!!!


corporations and LLCs don't receive a debt discharge. It isn't needed. A creditor can't collect from the company once it's no longer operational.



https://www.nolo.com/legal-encyclopedia/chapter-7-bankruptcy-llcs-corporations.html
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