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Re: Showmez999 post# 62628

Tuesday, 01/16/2024 2:53:29 PM

Tuesday, January 16, 2024 2:53:29 PM

Post# of 62953
Chapter 13 is for individuals. It does not apply to corporations.

Again, learn about bankruptcy. Chapter 11 is very expensive, and Chapter 7, although cheaper than Chapter 11 as it is automatic liquidation, is still very expensive.

COWI has total physical assets of $20,000. Any bankruptcy filing, including Chapter 7, would eat that up in a day in just fees and the cost to the attorney for filing.

COWI's liabilities are $25 MILLION.

Insolvent.

And not a candidate for bankruptcy of any kind.
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