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Old 06-15-2004, 03:22 PM  
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Question about chapter 11 ....

I have no idea how thsi stuff works, but tryign to clear up a question someone made in a discussion im having :

situation is this:

Organisation is being sued for orginal claim of $400 Million
so the organisation filed for chapter 11.


now someone is saying someone else said (you know how the chinese whipser works)
that unless the organisation comes up with $15 million the whole deal is off and claimants can go for the original $400 million

does this sound correct?
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