Quote Originally Posted by Uncle Bill View Post
Another casulty of the great economic enema of 2008-09.
Their bankers reduced their line of credit, accelerating the cash flow problem. When bankruptcy 'protection' is filed, all the payables become 'pre-petition claims' and are held up until a plan of reorganization and payment schedule/amount approved or the business is liquidated. This puts additional cash flow pressure on the suppliers. Hang on, lots more to come before this is over.