Replies to post #2908 on Spindle Inc. (fka SPDL)

[BillyBahama]

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html

[cruecu]

I understand the differences, I'm just simply pointing out that I've seen chapter 7 filings say they are ceasing operations. This one didn't. No idea if that means anything