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odiaz28

03/14/08 4:14 PM

#67 RE: thetraveler #66

very true my friend....very true...

odiaz28

03/16/08 8:38 AM

#69 RE: thetraveler #66

a little info on chapter 11..

Federal bankruptcy laws govern how companies go out of business or recover from crippling debt. A bankrupt company, the "debtor," might use Chapter 11 of the Bankruptcy Code to "reorganize" its business and try to become profitable again. Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court.