Posted by: Anonymous
[ip: 205.208.133.68]
on September 18, 2007 05:19 AM
Chapter 11 is rarely a death knell for a corporation, it is just a sign that they can't (or don't want to) pay their bills. Usually, the banks will take over the company and restructure it to become profitable enough so that it can pay its bills, generally by replacing upper management and laying off a lot of people.
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Re: SCO files for bankruptcy
Posted by: Anonymous [ip: 205.208.133.68] on September 18, 2007 05:19 AM#