daRcmaTTeR wrote:
On Wed, 15 Jan 2003, John Richard Smith wrote:We all hope so, chapter 11 is an American halfwayhouse bankruptcy term,
Ronald J. Hall wrote:good God all...they haven't gone tets up! they've merely filed chapter 11. they're going to be OK. really!....
Mandrake has filed for bankruptcy...how much longer will newbie exist I wonder ?
Follow this link... :-(
http://lwn.net/Articles/20061/
john
here in uk we don't have any such situation, an entity just goes into receivership
or plain liquidation, during both processes the receiver/liquidator can sell the business
to any willing purchaser(s) but usually they are that far gone that it's
just a case of flogging off the assets, but not always. Certainly whatever else Mandrake's
situation is it IS A DESIREABLE OS someone will want to own or controll it, the fact
that it is having to seek chapter 11 protection is not necessary the end by any means.
I just wonder what kind of future it will be.
John
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John Richard Smith
[EMAIL PROTECTED]
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