Replies to post #53771 on Calypso Wireless (fka CLYW)

[Cougar6]

Depends on whether you filed chapter 11 or chapter 7. With a chapter 11 (the option we should have taken) the company assets would have been maintained by the company and all creditors would have had their claims reduced or eliminated by a judge to allow the company to stay in business.

Of course, management's claims for payment might have been reduced or eliminated.