Chemtura Corp (fka CHMT)

[Garymc]

Thanks from me as well gentlemen. If anyone is nervous about the decision today, here is a very good video link that explains the use of fresh start accounting very thoroughly:

http://businessfinancemag.com/video/what-fresh-start-accounting-0101

The decision today does not mean that have pasted the test to use FSA, the test will come later and after numerous valuation opinions and legal objections. But because the process is time consuming, most judges allow the accounting process to start early on in the event its does ultimately qualify, so emergence from bankruptcy will be more timely. I for one do not think they will be able qualify unless they try to rape and pillage the company's assets.