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Kwaz1335 · 05-10-2009, 07:13 PM

Its nothing to worry about..all the moneymakers such as the Camaro and the Corvette would be safe from chapter 11. Chapter 11 is basically a restructuring of a company and getting rid of excessive debt. Most non money makers are eliminated and the company is just watched with a close eye. However if a company files chapter 13 we would really have to start worrying because all assets are liquidated and the company is dissolved completely. We are cool...relax

05-10-2009, 07:13 PM	#2
Kwaz1335 The Kwaz Drives: Black 2010 Camaro 2SS/RS Join Date: Mar 2009 Location: Long Island NY Posts: 259 View My Garage	Its nothing to worry about..all the moneymakers such as the Camaro and the Corvette would be safe from chapter 11. Chapter 11 is basically a restructuring of a company and getting rid of excessive debt. Most non money makers are eliminated and the company is just watched with a close eye. However if a company files chapter 13 we would really have to start worrying because all assets are liquidated and the company is dissolved completely. We are cool...relax __________________ Ordered:3/13/09 1100: 3/13/09 3300: 5/12/09 Picked up and brought home 6/26/2009 2010 Black on Black SS/RS Camaro Silver stripe package Ground effects package 6 Speed Manual Transmission with Hurst short throw, Magnuson Supercharger, SLP loudmouth 1 kit.