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Cougar6

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Cougar6

Re: stoper1 post# 53771

Friday, 01/13/2012 3:57:32 PM

Friday, January 13, 2012 3:57:32 PM

Post# of 60937
Depends on whether you filed chapter 11 or chapter 7. With a chapter 11 (the option we should have taken) the company assets would have been maintained by the company and all creditors would have had their claims reduced or eliminated by a judge to allow the company to stay in business.

Of course, management's claims for payment might have been reduced or eliminated.
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