News Focus
News Focus
icon url

Brucebannerr

04/21/19 1:36 PM

#68833 RE: CSCS #68832

It never left the Delaware court . As plainly spelled out in the documents. The monitor got the U.S courts recognition for the liquidation of the Canadian assets . The Canadian companies belonged to the debt ridden shell .
So in one post you say they are one company . And now it is 3 separate companies. Spinning in desperation.
When the ccaa is terminated it will go back to Delaware as a title 11 chapter 7

Title 11 is subdivided into nine chapters. It used to include more chapters, but some of them have since been repealed in their entirety. The nine chapters are:[2]

Chapter 1: General Provisions
Chapter 3: Case Administration
Chapter 5: Creditors, the Debtor and the Estate
Chapter 7: Liquidation
Chapter 9 : Adjustment of Debts of a Municipality
Chapter 11: Reorganization
Chapter 12: Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income
Chapter 13: Adjustment of Debts of an Individual with Regular Income
Chapter 15: Ancillary and Other Cross-Border Cases