The most likely scenario is chapter 11 within a few weeks, followed by reorganization as a smaller company, followed by one or more additional bankruptcies, eventually ending in chapter 7 (liquidation).
Let's hope for another outcome. The miracle in all this is that the company has lasted so long in the face of a catastrophic loss of market for their main product.
01-05-2012 08:32 PM
#0
- Join Date
- Oct 2006
- Shooter
- Multi Format
- Posts
- 461
Last edited by alanrockwood; 01-05-2012 at 08:42 PM. Click to view previous post history. Reason: spellling correction
Adv Reply