Quote:
Originally Posted by Weitz
Yah my parent company was just in CCAA protection (chapter 11 in the US) and we took about 5 or 6 months to restructure and came out of it essentially all good now as far as I know. A couple investors/creditors got screwed but the banks are happy for the most part I think.
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Well there is Chapter 11 (which is the restructuring type) and then there is Chapter 7 which is the "we're done" type of thing.