Replies to post #8053 on Green Planet Group Inc (GNPG)

[maybe_this_time]

Yes that helps... Interesting that that line of business even had creditors. What's the overhead?

[energy_wave]

Chapter 11 is sort of like Chapter 13 for personal bankruptcy. Only they don't have their credit screwed for seven years.

Looks like their short term debt will become long term debt. Lower payments would be a huge relief for any business these days.

Look at what some of the larger companies have done after going Chapter 11. They turn around fast and start making profits again.