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To: Daniel Chisholm who wrote (1355)6/19/1998 8:09:00 PM
From: IN_GOD_I_TRUST  Read Replies (1) | Respond to of 1567
 
Your are talking about Chapter 7 right when you speak of order of bankruptcy settlement? I thought chapter 11 just gives them time to reorganize and re-work debt, protection from creditors.

Chapter 7 wouldn't only happen if Chapter 11 didn't work out....right??? Then we would have to talk about order of who gets whats left. Am I getting this? ... Steve



To: Daniel Chisholm who wrote (1355)6/21/1998 6:25:00 AM
From: PaperChase  Respond to of 1567
 
>>Keep in mind that bankruptcy means that the (shareholder's) equity of the company has been exhausted, and liabilities exceed assets. <<

Technically, I do not believe this is a true statement and so an investor should not necessary look for these signs to occur before a bankruptcy filing.


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