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To: epicure who wrote (9270)	7/7/1998 5:58:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

But then there will be no assets left. Everything gets divvied up to the primary creditors, stockholders usually taking zip, zero, nada. So then all that would be left would be the name, no other assets, and no book value, right? So someone might buy the name and shell, but that would be it. X, Not under Chapter 11. That would be the case under Chapter 7. Under Chapter 11, the court is petioned for reorganization. All assets stay in place. If an agreement with creditors is reached, all Landlords come second. The leases are void per the reorganization. It is done very often. Glenn