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Post# of 279080
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old_timer99

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old_timer99

Re: marketbear post# 265577

Saturday, 02/17/2007 2:02:12 PM

Saturday, February 17, 2007 2:02:12 PM

Post# of 279080
marketbear, TMM can't file for BK protection because TMM has no assets left to liquidate into cash to pay off creditors. All of QBID's stock and assets were liquidated to pay-off the toxic financiers.
Ch 11 is a court devised payment plan after liquidating all assets into cash.
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