Quote:
Originally Posted by Hylton
They are selling less cars now then ever. They cannot pay existing debt and expenses with the current revenue they are generating. Either they get a huge cash infusion to service that debt/expense or they cut down the debt. How are they going to do that? They can't so only one alternative CH11. Like it or not, it's going to happen.
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Agreed, and I for one don't want to see the cash infusion which would end up going to the same unyielding debtors and union and simply prolong Chapter 7. With the legal help of Chapter 11, the leaches will be forced to relent and give the company a chance to restructure and survive.