MCI came out of their bankruptcy shelter about a year ago.
Mark, G7LTT/KC2ENI
Randolph, NJ
http://www.g7ltt.com
trixter aka Bret McDanel wrote:
On Wed, 2005-12-21 at 16:58 -0500, Cory Andrews wrote:
They've likely shuttered their operation, in my speculative opinion. I
believe they owe quite a few people a good sum of $$ for equipment and
services purchases they have apparently defaulted on.
they are in america, high debt doesnt cause a company to cease
operation. MCI faked $13B and ultimately filed bankrupcy. Global
Crossing a few billion and bankrupt. They still operated during (and
afaik they are still in) bankrupcy.
The US government filed bankrupcy in 1933 and afaik they never came out
of it either, they just restructure every 7 years (ever wonder why the
federal reserve is a corporation in puerto rico that started in 1929 or
there abouts (corporate papers are expired too)?
Its the american way to rack up high debt, default, file to get out of
it (or at least structure it to continue to operate) and in many cases
take on all new debt.
:)
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