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stevebrooks

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stevebrooks

Re: stevebrooks post# 2234

Monday, 05/23/2011 5:43:30 AM

Monday, May 23, 2011 5:43:30 AM

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No deadline, there is a deadline for proposal of a plan, but that can be extended by the Court for cause. Cases can be withdrawn or dismissed, or, converted to Chapter 7.
Whether the assets outweigh the liabilities is irrelevant.

http://www.avvo.com/legal-answers/how-long-can-a-company-remain-in-chapter-11---is-t-149931.html
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