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To: Lizzie Tudor who wrote (107132)	8/15/2000 11:19:42 PM
From: Bob Kim	Read Replies (2) \| Respond to of 164684

Chapter 7 is liquidation.

To: Lizzie Tudor who wrote (107132)	8/16/2000 12:03:42 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I forgot what chapter 7 is. Is that different from chapter 11 bankruptcy - or is 11 for individuals? Liz, Chapter 7 is total liquidation. It is typically done when the firm knows the future is hopeless. Chapter 11 is a reoganization where a firm tries to reduce the amount it owes by asking the creditors to forgive some debt. Then the firm emerges and tries to be profitable. The bummer is I need some nice new furniture and nobody (furniture.com, living, ihome.com, decor.com etc.) is having a blowout giveaway sale. Try a real furniture store where you can see it in person and even sit or lay on it <VVBG> Glenn