News Focus
News Focus
icon url

paidmyway

10/21/10 9:40 PM

#68114 RE: Colorado1 #68113

With the huge increase in the amount of bankruptcy's and foreclosures over the past 2 years, some of the fraudsters...err I mean bankers are starting to realize that 5% of something is much better than 25% of nothing.....it is becoming more obvious that the financial community is starting to work with companies now to help them out instead of having them file CH11 or worse yet CH7.....many times it is just a matter of a little more time needed in order for a company to become profitable or just a break and some renegotiating of the terms.....I am not saying this would have helped CPRK, however if some changes had been negotiated by an understanding lender in the early days and cooperation had replaced greed and stubborness, who knows, sometimes just a little can turn into a lot.....yes 5% can be a lot when you compare it nothing....as I see it...

Paid
icon url

webtime

10/21/10 10:27 PM

#68117 RE: Colorado1 #68113

You crack me up...........this is not star trek and PN's law suit will NOT be vaporized.
To say that the secured lenders are being "schooled" is the most absurd thing I have read here this month..............they know what is going on and they know darn well how a bk works or they would have folded long ago...........NOT THE CASE!!!!!!!!!
They still hold the highest hand in this poker game and they will be the first paid.