Comment Bankruptcy 101 (Score 2, Informative) 233
Ok,
Just as an FYI, most companies are profitable *under* Chapter 11. During 11, the company has all of it's debt (aside from secured) debt stayed and does not pay interest. So, it would be make all the top line $$$$ and not having to pay what drove you into barkruptcy in the first place!
I am rooting for these guys...but let's see what the profitability looks like over the next 2 quarters...
Just as an FYI, most companies are profitable *under* Chapter 11. During 11, the company has all of it's debt (aside from secured) debt stayed and does not pay interest. So, it would be make all the top line $$$$ and not having to pay what drove you into barkruptcy in the first place!
I am rooting for these guys...but let's see what the profitability looks like over the next 2 quarters...
