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Non-Tech : Cityscape Financial (CTYS)
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To: Ploni who wrote (1667)11/16/1997 1:04:00 PM
From: Bruce A. Thompson   of 2544
 
Charles, Thank you for the overview of RAY. Our corproate attorneys have a Bankruptcy division. (nice isn't it?) They tell me that the Bankruptcy Court is debtor's court not a creditor's court. They tend to lean heavily toward the debtor's side. They also say that the debtors can vote all they want to, but the judge has the final say. I agree that this is not a place to be investing right now, but I think I'll flag this one in my alert file.

Bruce
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