Re: There are two kinds of bankruptcy - Saab General Bulletin Board - Saabnet.com
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Re: There are two kinds of bankruptcy
Posted by Coggs [Email] (more from Coggs) on Fri, 16 Sep 2011 16:59:32
In Reply to: There are two kinds of bankruptcy, nwas, Fri, 16 Sep 2011 16:31:52
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Swedish Automobile (Saab) filed for a "reorganization" to protect it from creditors who file for bankruptcy while it reorganizes. The courts quickly denied the application a few weeks ago. Saab filed an appeal which the court is now considering. A decision is expected as soon as Monday. If they rule in favor of the ceditors the only hope is Saab can convince those who have filed to pull back their claims. Not likely they all will.
posted by 71.232.72...
Posts in this Thread:
- Does bankruptcy necessarily mean the end..., Jjtooterf5, Fri, 16 Sep 2011 08:55:14
- Some companies emerge from bankruptcy, others don't, Sebastian, Sat, 17 Sep 2011 22:23:54
- The End? Do you mean is bankrupcy an awesome thing?, Used to be Chaz, Fri, 16 Sep 2011 16:06:47
- nope, Stan, Fri, 16 Sep 2011 18:50:53
- Re: Does bankruptcy necessarily mean the end..., Mark from Toronto, Fri, 16 Sep 2011 12:08:46
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