> -=> Quoting Kenney Kittredge to David Wei <=-
> KK> Now I see... But my friend told me that Reveal MFG went down out of
> KK> business, chapter 11 bankrupy.
> Wonderful, they got what they deserved... BTW what
> does chapter 11 means?
It is the chapter in the US Federal legal code which describes how a
corporation can declare bankruptcy and use the legal system to protect itself
from its creditors for a period of time while it tries to reorganize itself
to return to profitibility. There is another chapter in the legal code
(chapter 7) which deals with companies that are bankrupt and see no way to
ever return to profitibility and are therefore being liquidated and its
assets distributed to its creditors.
Larry
--- RA/Pro 2.50
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* Origin: Mintz BBS, Silver Spring, MD (1:109/493)
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