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To: R.S. Blum who wrote (3301)	12/17/1997 9:21:00 AM
From: timmy e.	Read Replies (1) \| Respond to of 3977

Scott, Your earlier posting was right on the mark. firms like Argus are typically put in place by lenders to recover anything they can. It is not unusual for the "client" firm to be put into chapter 11, so that secured lenders, such as banks or finance companies (e.g., Congress)move to the front of the line to get out whole. Then the lawyers step in, at full billing rates, to determine how much unsecured creditors will receive. The lawyers like to throw around numbers like ten cents on the dollar. Bankruptcy judges think this is all wonderful. They have a place to go to every morning at 10:30. Did I fail to mention shareholders? They rank somewhere below whale excrement on the bottom of the ocean. Vendors will circle like vultures and offer to pay the trustee maybe as much as $100,000 to purchase the wonderful thermoplastic process. Then you'll see a thermoplastic golf club by TM. Pathetic but true.