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Kimmykim · 08-21-2002, 04:46 PM

According to their notification they have resigned with Worldcom. There are now two of them. The bankrupt one -- that isn't going to pay, no matter what you claim to be in court, receivor, creditor, somebodys babys mamma -- and the new one that apparently has the same management and set up as the old one.

Not that this is an uncommon tactic, I used to be in furniture and if any of you have heard of Levitz, they pulled a stunt like this some years ago, and cost a lot of furniture manufacturers millions in losses.

The ONLY hope, as I see it, their receivors have of getting their owed funds is by doing business with the new company, while the old debt is pretty much a write down, you just hope you can either charge more if you are buying, or get paid more if you are receiving, than you did on the old contract to try and make up the difference.

I don't give a crap about the 900 money, we payout more than that per hour probably to resellers. I just don't want to stand around waiting for the other shoe to drop if they happen not to get paid for some other transactions down the road.

08-21-2002, 04:46 PM
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	According to their notification they have resigned with Worldcom. There are now two of them. The bankrupt one -- that isn't going to pay, no matter what you claim to be in court, receivor, creditor, somebodys babys mamma -- and the new one that apparently has the same management and set up as the old one. Not that this is an uncommon tactic, I used to be in furniture and if any of you have heard of Levitz, they pulled a stunt like this some years ago, and cost a lot of furniture manufacturers millions in losses. The ONLY hope, as I see it, their receivors have of getting their owed funds is by doing business with the new company, while the old debt is pretty much a write down, you just hope you can either charge more if you are buying, or get paid more if you are receiving, than you did on the old contract to try and make up the difference. I don't give a crap about the 900 money, we payout more than that per hour probably to resellers. I just don't want to stand around waiting for the other shoe to drop if they happen not to get paid for some other transactions down the road.