Replies to post #265577 on Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[old_timer99]

marketbear, TMM can't file for BK protection because TMM has no assets left to liquidate into cash to pay off creditors. All of QBID's stock and assets were liquidated to pay-off the toxic financiers.
Ch 11 is a court devised payment plan after liquidating all assets into cash.