Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (35626)	5/21/2009 7:33:30 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "And big money ...is making the decision." That is EXACTLY how American bankruptcy law is designed. Majority approval of the creditors (here we have over 94% approval), with the Judge's approval --- and ESPECIALLY WHEN massive amounts of new money are required to make sure the patient can survive long enough to be restructured and exit bankruptcy protection --- is exactly what the law asks for. Chapter 11 bankruptcy is designed to RESTRUCTURE the enterprise so that it sheds it's debt and emerges as a viable, on-going business. All other goals are secondary to that primary purpose.