Quote:
Originally Posted by Bowtie Girl
The date is June 1st. If they file banklruptcy they will have to shut down for reorganization. I would bet that will be a stipulation of their filing Chapter 11. They will have no choice. It is a bummer!
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Not true. They will shut down while in bankruptcy if they are asked to do so or if they decide to do so. There is nothing mandatory about being in bankrupcty court that states you have to stop all operations.
Quote:
Originally Posted by NVMY68SS
Hmmm............I don't know about that. Wasn't that one of the Chrysler stipulations that they would shut down all of the plants for a period of 60 days while the reorganization took place.
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I think a better understanding of this process is needed on this forum.