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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 228.10

+0.3%

12:22 PM EST

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To: Oeconomicus who wrote (149418)	10/29/2002 3:17:54 PM
From: Jim Willie CB	Read Replies (2) of 164684

the issue will highlight the types of Bankruptcy Chapter 13 -- restructure Chapter 7 -- funeral with burial the ATT dispute and battle will hinge on the restructure of WorldCom debts and obligations most people are not aware of the distinctions Ch13 involves continuation of operations with potentially massive paring down and sale of business units, with each obligation discussed and settled, which might come to a negotiation of 30-50 cents/dollar on debts, firesale purchases of assets for similar costs, etc... in the end you have a healthier but smaller financial entity surviving Ch7 matches assets to debts, takes ratios, liquidates, and passes out money to debtors according to ratios... in the end you have no more financial entity in existence interesting stuff, and a real advantage to our economy over others like Japan they allow "DeadManWalking" to walk and infect other healthy businesses we force into Ch7 or Ch13, with full or partial plowing under gonna be a lot of plowing to take place here is a legal tidbit to chew on the American Bar Assn has announced that the greatest influx of lawyers has been occurring into BK law in the mid-1980's the influx was into investment banking and corporate tracking ABA movement is a key to trend changes within an economy but Lazlo probably already knew that / jim

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