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coach tequila

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coach tequila

Re: VivaLasVegas post# 742

Wednesday, 06/10/2009 2:53:55 PM

Wednesday, June 10, 2009 2:53:55 PM

Post# of 17499
Question???

If you are a holding company in Chapter 11 BK like LBHI, why would you let two of your wholly owned subsidiaries come out of BK and remain operating?

Seems like the prudent thing to do is keep all debtors companies under protection until completion of the total reorganization. Creditors still have access to the non-debtor entities.


Just does not make sense to me.

Unless you knew all the companies and the holding company were coming out of Chap 11 at a future date.

Thoughts?

Coach T
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