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Re: crad post# 606

Wednesday, 01/09/2008 10:03:36 PM

Wednesday, January 09, 2008 10:03:36 PM

Post# of 629
Important difference between Chapter 7 and Chapter 11 :

Chapter 7 is generally the path chosen by companies that intend to liquidate their assets and go out of business.

Chapter 11 is geared toward continued operation -- but, again, twists in the road can lead to different results.

Selling first thing tomorrow might be your best bet to salvage something but that is just my thought. Take your own decision.

All posts are only my opinion and are not buy or sell recommendations.

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