Quote:
Originally Posted by Weitz
I read they filed for Chapter 11. What you are referring to is chapter 7. In the USA anyway.
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Ha. No. You can have asset sales in chapter 11. You are thinking of liquidation. You don't need to restructure old debt (i.e. swap for some new debt and equity as company emerges from ch11) if there is enough value in a full company sale or asset sale. Which there is.