Replies to post #7685 on GT Advanced Technologies Inc fka GTAT

[ilenes]

Hmmm...interesting hairsplitting Xena.

They have applied for protection under the bankruptcy laws, to reorganize. One would presume that unless the protection of the BK court was needed, they wouldn't have taken this step. Whether it turns out to be a tactic to shed debt, or whether they are technically bankrupt, the effects of filing for BK protection are enormous...but, I yield to your definition.

Ilene

[mgmuc]

Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.

http://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code