In Chapter 7 BK

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Message: Well its been 15 weeks.

Mar 31, 2010 12:37AM
FG
1
Apr 07, 2010 05:14PM

Well its been 15 weeks.

in response to by
posted on Apr 08, 2010 09:41AM

Well its been 15 weeks since the last aquisition rejection. Last year it took 11 weeks from the "hiring Haywood Securities" to the announcement of the NW purchase. So its concerning, if there is a deal, why it is taking so long. On the other hand. Chapter 11 was announced around 10 weeks ago. If there is a deal, they would want to get as much completed, or everything completed before coming out of Chapter 11. I don't know much about B-law except what I read in Wikipedia. So quoting Wiki, says that a company can usually stay in Chapter 11 for 120 days. So there is another 7 weeks before that deadline arrives. So we may hear nothing until a deal has been completed or Chapter 11 deadline arrives.

-Y

1
Apr 08, 2010 02:22PM
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