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Re: rishikaila post# 64585

Wednesday, 05/19/2010 3:07:25 PM

Wednesday, May 19, 2010 3:07:25 PM

Post# of 83059
Chapter 11 gives the company protection from their creditors while they can come up with a plan to emerge from BK that is good for the company and employees.If no agreement can be made between the party's then it is converted to a 7 and liquidated. jmo
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