Level Best Golf (LBGF) Message Board

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Microcap & Penny Stocks : Level Best Golf (LBGF)

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Jan 14 3:00 PM EST

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To: Russell Gish who wrote (228)	6/28/1998 4:07:00 PM
From: LegalBeast	of 345

Hate to quibble with you, but they cannot get chapter 7 bcy in Nevada or anywhere else. First Bcy is a federal matter and no state has any jurisdiction to hear a bcy case. But, they could have filed a bcy petition fed bcy court in Nevada, but it would not be a chap 7 liquidation. But the real thing is that chapter 7 is for INDIVIDUALS only. A corporation cannot get a chap 7. More likely a chap 11. Bottom line though, if the story you heard said they had a chap 7 it is bogus!

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