Replies to post #54040 on Momentous Entertainment Group (fka MMEG)

[darkhorseinvestor]

It is right in the PR buddy, most likely the debt will be absolved:

("Poolworks" or the "Company") filed for what's called in Germany a "Insolvenzplan". This is similar to a United States based Chapter 11 style "restructuring & reorganization" process whereby Poolworks stays in business and continues to fully operate while working with a court appointed administrator to resolve all debt issues with Poolwork's creditors.

Please also refer to the link below:

https://www.natlawreview.com/article/chapter-11-bankruptcy-german-style

As quoted from the above link: "Historically, German insolvencies have been perceived as extremely unattractive, particularly because they were dominated by court-appointed bankruptcy administrators, with limited to no influence for creditors."

So basically, the creditors will have no teeth in this case.

$MMEG