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trader59

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Re: Longstrongsilver post# 90697

Sunday, 11/17/2019 1:24:35 PM

Sunday, November 17, 2019 1:24:35 PM

Post# of 145155
Continue that sentence... "under the BIA"

The Bankruptcy and Insolvency Act is a Canadian law, and that comment was made by the Canadian judge. This company filed for bankruptcy under Chapter 11 of the US bankruptcy code, and that's because it is a US corporation. It was transitioned to Chapter 15 because the the Canadian subsidiaries (Sarnia being the predominant operating entity of the company). Make no mistake about it, this company filed for bankruptcy.

SMH
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