Replies to post #64585 on Copper King Mining Corporation fka CPRKQ

[Cooky]

Chapter 11 gives the company protection from their creditors while they can come up with a plan to emerge from BK that is good for the company and employees.If no agreement can be made between the party's then it is converted to a 7 and liquidated. jmo

[AllyAustin]

Hi Rishikaila,

Reorganization is the act of changing the terms on the assets and/or liabilities of a company. That is, a company may consolidate its debts, significantly change the size and scope of its operations, and take other measures to reduce the strain of continuing operations. They will normally restructure their debt as well by negotiating even further with creditors in order to keep the company viable.

I thought of a RS too, but I'm not sure that's possible in a Chapter 11 without approval by the bankruptcy trustee.

If anyone else here is well versed on the RS/BK issue, will you please weigh in?