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-----Original Message-----
From: midrange-l-bounces@xxxxxxxxxxxx
[mailto:midrange-l-bounces@xxxxxxxxxxxx] On Behalf Of Joe Pluta
Sent: Saturday, February 13, 2010 11:01 PM
To: Midrange Systems Technical Discussion
Subject: Re: Sad news
Ah, the lovely world of financial dealings. I don't know what you mean
by "well into coming out of it" but as far as I've read they filed last
week (Tuesday?) a pre-packaged plan to reorganize about a quarter of
their debt and they expect to be done with the process in 45-60 days.
It's a prepackaged bankruptcy which means everything is a done deal, and
they already know who is going to get what. In fact, I got a letter
saying that if I attempted to collect any debts owed me I might be
penalized. Vaguely authoritarian legal stuff, but pre-packs are all the
rage now.
Joe
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