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To: i-node who wrote (6034)1/24/2007 4:45:21 PM
From: pcstel  Respond to of 8420
 
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.


LOL!! Did they sell your trailer??

This is pretty much how it works.. I am glad you have finally accepted my viewpoint.

Now, as you can clearly see.. In this case.. The Company filed of Creditor proteciton, and received it from the courts automatically.. There was no requirement to provide viability to receive Creditor protection. The second you file, you are protected. You don't even have to see a Judge to file.

You have maintained that viability was a prerequisite to obtain Creditor Protection in the first place, and is just plain WRONG, WRONG, WRONG.

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.


IT'A A CA$H COW!!!!

LOL!!

And so it goes,
PCSTEL