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energy_wave

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energy_wave

Re: overtheedge post# 8053

Friday, 08/19/2011 11:41:00 PM

Friday, August 19, 2011 11:41:00 PM

Post# of 9922
Chapter 11 is sort of like Chapter 13 for personal bankruptcy. Only they don't have their credit screwed for seven years.

Looks like their short term debt will become long term debt. Lower payments would be a huge relief for any business these days.

Look at what some of the larger companies have done after going Chapter 11. They turn around fast and start making profits again.
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