Please, it's to me understand. I believe that here in Brazil we have
something similar to US-Chapter 11. So, this C.11 would be like a
moratorium? Like what is happening to Argentina this moment for example.
Because, certainly, things don't take place here as in Germany.
On Thu, 16 Jan 2003, Wolfgang Bornath wrote:
> The difficulty is to tell it to folks like mine (Germans) who don't
> have that kind of "Chapter 11". Well in a sense we have it too but the
> normal way is: "You can't pay your bills and you don't get investors to
> do that for you? You can't find a larger company to buy you out?
> You're out." The business will be closed and everything will be sold
> to satisfy the creditors. You can start with a new business.
--
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Alan Wilter S. da Silva
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Laboratório de Física Biológica
Instituto de Biofísica Carlos Chagas Filho
Universidade do Brasil/UFRJ
Rio de Janeiro, Brasil
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