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TEX

Followers 44
Posts 12731
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Alias Born 04/15/2005

TEX

Re: loanranger post# 325391

Saturday, 07/10/2010 5:27:32 PM

Saturday, July 10, 2010 5:27:32 PM

Post# of 346917
Sure, good stab.

Ch. 11 *also* gets creditors right up in the middle of your Jello, in effect giving them a voice in your business operations.

And it requires accurate accounting: there's *still* a trustee.

Bottom line: it would be a tough sell to the BK court, given the principal's history...

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