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k9narc

07/19/11 3:48 PM

#132746 RE: JonyJL #132743

They have rules and a system to follow. I'm not saying they will refuse to dismiss the chapter 7 filing, but I am saying that it will take time for the request to be processed. If all creditors are in agreement and withdraw their claims, then the company can show the court why they can go forward as a going concern/viable company. A little more paperwork and the filing can be dismissed.

Since most or all of the creditors are insiders, it should be fairly quick, although "fairly quick" and the court system don't seem to be 2 things that go together well.
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Bubba714

07/19/11 3:52 PM

#132748 RE: JonyJL #132743

It would seem to me that the Lawyers could get and arrange for a Dismissal. There Maybe a Procedural Process that takes place, this would be for Recordation Only(the Dismissal would be Taped), I don't believe the Principle Parties have to be there. Again, I'm Not sure whether they can do it in Writing or they have to be there & go thru Court Procedure/Protcol???

GLTA, Bubba714
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chalmer

07/19/11 4:40 PM

#132753 RE: JonyJL #132743

Hey JonyJl..You've been doing a lot of lmao lately if I'm not correct. I have to agree with you on this one. bk7 serves no good to anyone involve. A successful outcome means all involved make money. When would a court want to deny one their rights to the pursuit of happiness. It's ones' right. It's in the Constitution!

Go xmdc!!!, We are xmdc!!!