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To: pcstel who wrote (6030)1/24/2007 3:08:08 PM
From: i-node  Read Replies (1) | Respond to of 8420
 
>> WRONG! WRONG! WRONG! When you file for Creditor protection, you automatically receive it.. There is no qualifications requiring viability for the receipt of Creditor protection. Just as there is no requirement to present a path to profitibility in acceptance of a Plan of Reorganization..

Nonsense. And I'm sure bankruptcy proceedings are your specialty. Yeah, yeah, yeah. Seems everything is.

Son.

I've personally been involved in a case where the DIP could not show the business was viable and the petition was dismissed on that basis. And the business liquidated as a direct result.

What you know about bankruptcy may well be equivalent to what you know about so many of the other areas you claim expertise in. Next to nothing.

Son.