Replies to post #56826 on iTalk Inc. (fka TALK)

[pb_trading]

Agreed and I think it's disingenuous and deceitful for people to keep saying the creditors are getting nothing as if a Chapter 7 is occurring.

If a company is going out of business the creditors get nothing filing a chapter 7 but the creditors get something back or all if a chapter 11 is filed, just reorganized... this isn't a going out of business garage sale where even the mops from the janitors closet are being sold back to the creditors.

They will have all the UMS debt restructured into payments, amounts and terms that are reasonable with better outcome for all involved directly, meaning the company and creditors.

The creditors would rather negotiate than take a default.

TALK