SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Imperial Sugar (IPSU)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Patentlawmeister who wrote (35)12/11/2002 4:27:27 AM
From: Crossy   of 121
 
Cudawuda
your notion is generally right but bear in mind that the condition for emergence from bankruptcy in a Chapter 11 proceeding are very much influenced by the general external economic environment and also by the specific industry environment at the time of emergence. In boom times the "deals" companies emerging from BK can opbtain in ther plan of reorganization are usually not as good as in middle-of the road times such as now or even in recessions. It all boils down how much debt the new entities are attached to. IPSU for example was attached some $240m in longterm debts in their plan of reorganization. That was/is managable in their case. Many telecom company gets wiped out their debt completely due to the catastrophic infrastructure environment we currently experience in telecom. If I remember correctly many 2nd time bankruptcies were caused by too harsh conditions that were attached to the firms when they rose from the ashes for the first time..

rgrds
CROSSY
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News