Chemtura Corp (fka CHMT)

[utahguy2009]

If Chemtura exits BK early, which I think they will do, will a POR still need to be filed? Is a POR a requirement of bankruptcy, regardless of how long it takes a company to emerge from BK? Once a company files chapter 11 do they have to complete all steps of the bankruptcy proceedings and see the BK process through in it's entirety? I don't think the Chemtura bankruptcy will be a long and drawn out one. The bonds basically were the reason for them filing chapter 11. You have the DIP financing to pay back also, but I believe an asset sale will happen soon, perhaps no more than 2 months from now. If that doesn't happen Chemtura will find alternative financing within the next couple of months I believe. I think the extension to file a POR in November is more time than they need. I'm probably wrong here, but I don't believe this BK was that complicated. Any opinions?