Steve, thanks for your answer. I knew that it was expected to produce
revenue. My question is why the revenue went to Enron rather than the
creditors. Why would they approve such an arrangement? Am I missing
something.
--
Michael Perelman
Economics Department
California State University
Chic
Michael,
In bankruptcy management can run the business and engage in ordinary course
transactions but they now have to shift their fiduciary duty to include
creditors, not just shareholders. Certain transactions require the approval
of the bankruptcy judge. The management has 180 days to develo
