Welcome Guest

Are you familiar with Chapter 11 of the U.S. Bankruptcy Code

Posted on: May 21, 2020 at 00:19:08 CT
ScottsdaleTiger MU
Posts:
11094
Member For:
21.33 yrs
Level:
User
M.O.B. Votes:
0
It’s the business reorganization chapter. Briefly, some of the things it allows or requires include:

1. Current ownership/management to remain in control.

2. Virtually all unsecured debts to be compromised thru a Reoganization Plan.

3. The term of secured debts to be rewritten.

4. All litigation to be transferred to the U.S. Bankruptcy Court.

5. Delay any resolution of any litigation or claim for an extended period of time. FWIW, there is an old legal adage that “delay is the defense’s best ally”.

Your antimonsiy toward Stan Kroenke is clear, but your knowledge of the rights and options available to him and the Rams is sadly lacking.
Report Message

Please explain why this message is being reported.

REPLY

Handle:
Password:
Subject:

MESSAGE THREAD

OT: Rams going Bankrupt? Part III - North co-co champs MU - 5/20 20:16:16
     RE: OT: Rams going Bankrupt? Part III - Role Call MU - 5/21 11:51:16
          RE: OT: Rams going Bankrupt? Part III - North co-co champs MU - 5/21 12:19:30
     A lot of local Sports stations have a ton of audio/video of - ADelpiero10 MU - 5/21 07:03:47
          And that part that I love most is that the NFL can't.... - North co-co champs MU - 5/21 09:05:43
     Are you familiar with Chapter 11 of the U.S. Bankruptcy Code - ScottsdaleTiger MU - 5/21 00:19:08
          Are you familiar with commercial loan financing? - OntheMark MU - 5/21 12:45:18
               I am familar and I wouldn't bet there are personal guarantee - ScottsdaleTiger MU - 5/21 13:23:24
                    Kroenke and every NFL owner is a defendant in that suit - OntheMark MU - 5/21 20:32:35
                    Defendants in the lawsuit are - BigDave MU - 5/21 15:06:08
          I am. You aren't obviously. 10 pro sports teams have.... - North co-co champs MU - 5/21 07:52:14
               Let's just wait and see what happens, but I suspect - ScottsdaleTiger MU - 5/21 12:39:15
                    All the possible outcomes are delicious (nm) - North co-co champs MU - 5/21 12:48:20
     Everything about the Rams move - BigDave MU - 5/20 23:58:41
          Ultimate settlement: NFL offers ST. Louis.... - North co-co champs MU - 5/21 00:06:22
               Why in the world would anyone want the - Sarazen KC - 5/21 13:39:29
                    You must not be familiar with its long storied history (nm) - North co-co champs MU - 5/21 15:04:35
                         Won't happen but if it does Stallions as the Jags should - Erwin Fletcher STL - 5/21 19:29:46
               The NFL isn't ever coming back to St Louis. - Fred G. Sanford MSU - 5/21 08:15:25
               That's laughable - samclemens MU - 5/21 07:23:03
                    Never won anything but the only Super Bowl in team history - North co-co champs MU - 5/21 07:53:21
                    They won a Super Bowl - 615Tiger STL - 5/21 07:34:53
                         Not to mention the fact - BigDave MU - 5/21 08:30:31
     Kick his ass in court and do it before he dies please. He - Erwin Fletcher STL - 5/20 23:22:22
          The universe sometimes feels like a simulation, and this - North co-co champs MU - 5/20 23:43:35
     This ****er makes Charlie O. Finley and Walter O’Malley - Grant1818 MU - 5/20 21:09:45
     The only thing funny though is - Genco98 MU - 5/20 21:06:45
     Why can’t Kronke just spend money on Mizzou - BurgTiger MU - 5/20 20:46:24
          No thanks. - Grant1818 MU - 5/20 21:12:05
               He disgusts me, but why not accept a few MIL (or more)? - winslow MU - 5/21 18:29:34
          He's in the reboot of 'Can't Buy Me Love' - "you coulda - North co-co champs MU - 5/20 20:48:44




©2020 Fanboards L.L.C. — Our Privacy Policy   About Tigerboard