Is that Chapter 11 better than Chapter 7?

YES. Chapter 7 would force liquidating all assets to pay the creditors. Chapter 11 is more debtor-friendly and gives the business time to restructure without liquidating the assets.

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14.07.2022

A Wong Автор вопроса

A Diaz
much better or at least less worse you may say

So we still will have our money back one day?

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14.07.2022

doug free

Dr. KC Luck
YES. Chapter 7 would force liquidating all assets ...

Come on Simon

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14.07.2022

K R

Dr. KC Luck
YES. Chapter 7 would force liquidating all assets ...

Chapter 11 is better for sure but I've know bond holders screwed in chapter 11. Hopefully favorable for us

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14.07.2022

A Diaz

A Wong
So we still will have our money back one day?

that is the plan with chapter 11

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14.07.2022

𒆜 .

Dr. KC Luck
YES. Chapter 7 would force liquidating all assets ...

yeah i'm not sure what will happen, I dont like Alex much now but they made and lost a lot of money , I wonder what the balance sheet looks like

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14.07.2022

M H

Travino
For 3 weeks he said avoid bankruptcy at all costs ...

My god, he said that he now believes that is the best option. He meant it's the best option by default as NO investor will give you money if he can't see accounts. So by default chapter 11 is the best outcome. None of us, Alex, Simon you or me wants a chapter 11. The company is very very unlikely to recover

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14.07.2022

T · Accepted Answer

T

Chapter 11 is what Dixon wanted.

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14.07.2022

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Is that Chapter 11 better than Chapter 7?

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