Am Fre, 2003-10-10 um 00.58 schrieb Bill Anderson: > > To be serious: they didn't file for bankruptcy but seeked protection > > under a similar regulation as the US "chapter eleven". So they could > > continue to operate their business. They announced some weeks ago they > > will leave the "chapter eleven" status at the end of this year. > > > > Actually, that *is* bankruptcy. What you referenced is bankruptcy act > *Chapter 11*. This is the business counterpart to Chapter 13 in the > personal world. So yes, they did indeed file bankruptcy. > > Not a slam, just the facts, man. You may have read my post: *similar* regulation. Mandrake is a french company you may know, which is a country east of the eastern coast line of the american continent with its own jurisdiction :-). The regulation is a temporary moratorium, prerequisite is enough capital assets to resume normal business after the end of the moratorium without substantial lost for their creditors (in contrast to bankrupcy - at least in Europe). But anyway, it's not an important issue for this list, I suppose. Peter
