The new bankruptcy reform laws were written by the credit card industry, and they are bad for everyone (including the economy) except the credit card companies.
But there are still two types: Chapter 11 and Chapter 13. One gives a company time to put itself back on its feet while absolving its debts, the other is finito. ATA was in the first, got out, and then went into the other.
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regna
(no subject)
Date: 2008-04-08 03:41 (UTC)But there are still two types: Chapter 11 and Chapter 13. One gives a company time to put itself back on its feet while absolving its debts, the other is finito. ATA was in the first, got out, and then went into the other.