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To: ToTradeWell who wrote (602)1/24/2001 3:14:38 PM
From: Paul Kern  Read Replies (1) | Respond to of 2155
 
Chapt. 7 usually means sell the furniture and left over paper clips and, then, shut down. It usually means that a bankruptcy judge has ruled that their is no hope going forward.

Paul



To: ToTradeWell who wrote (602)1/24/2001 3:16:15 PM
From: Softechie  Read Replies (1) | Respond to of 2155
 
Actually what the bank lenders and debtholders are saying is that Leucadia's deal is piece of crap. They wanted more. I think Warren Buffett played a big role in this process. Waiting for more news.