Cal-Bay International Inc (CBYI)

[mordicai]

Moreover, bankruptcy is a lot cheaper than dealing with the claimants on an individual basis and imho a lot less work is involved. Just a matter of listing all the creditors and the amounts of their respective claims and the assets still owned by cbay. How do you convince a creditor he should take a penny on the dollar when he thinks there may be assets you are hiding. A bankruptcy filing assures him what assets exist.