Energy One Corp (EGOC)

[bewenched]

There's big difference between chapter 11 and chapter 13.

Chapter 11

A Chapter 11, or reorganization, allows a partnership, sole proprietor, or corporation to continue operations while protecting the assets of the business from creditors. While the assets of the shareholders of a corporation are protected and are not made a part of the bankruptcy. However, since a sole proprietorship does not have a life and identity that is separate from the owner, his personal assets must be included in the bankruptcy. With a partnership, the personal assets of the partners may be used to repay debts, but this is not always the case.

Master Lease is/was comprised of around 5 different companies. MLOOS is the leasing part of the company, and the portion that E1 purchased from what I understand.