posted on
Apr 08, 2010 09:41AM

In Chapter 7 BK

Message: Well its been 15 weeks.
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
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