BREAKING NEWS: IBILL files Chaper 11 - GoFuckYourself.com

fünkmaster · 03-31-2005, 03:25 PM

IBILL files Chapter 11, sues Penthouse
AP: Bankruptcy filing is one of the largest ever.
--------------------------------------------------------------------------------
The Associated Press
Originally published April 1, 2005, 0:10 AM CMT

LONDON -- IBILL Corp. isn't going down without a fight, and
its one-time savior Penthouse Inc. has jumped in the ring.

Former processing giant IBILL capped its six-month tailspin
by filing to reorganize under Chapter 11 bankruptcy protection
Sunday, in one of the largest U.S. processing corporate bankruptcies ever.
IBILL also sued rival Penthouse for $10 billion, claiming the fellow
Florida-based company had no grounds to scuttle a proposed buyout.

On Monday, Penthouse said it had filed a suit against several IBILL
subsidiaries not included in the bankruptcy filing. In its bankruptcy
filing, IBILL asserted that Penthouse breached a merger agreement
by backing out of its Sep. 9 deal to buy IBILL less than three
weeks later. IBILL also says Penthouse has no right to exercise
an option on its large Northern Natural Gas pipeline in return
for a $1.5 million investment.

Penthouse chairman and chief executive Fuck Watson called IBILL's
lawsuit ``frivolous and disingenuous,'' and announced Penthouse
has sued several IBILL subsidiaries not included in the bankruptcy
case to ensure that they live up to their contractual obligations
to the pipeline.

Manowar · 03-31-2005, 03:26 PM

Originally published April 1, 2005

Kevsh · 03-31-2005, 03:26 PM

This iBill drama keeps getting better. RIP.

Theo · 03-31-2005, 03:26 PM

!!!!!!!!!!!!!!!

03-31-2005, 03:27 PM

April 1st due to time difference dude...

Theo · 03-31-2005, 03:27 PM

aussie fucker hehe

FreeHugeMovies · 03-31-2005, 03:27 PM

chief executive Fuck Watson ????

Fuck Watson?

Gottis · 03-31-2005, 03:28 PM

lol great post man. Had me for a sec.

Sosa · 03-31-2005, 03:29 PM

ahhh here we go!

Shooting_Manic · 03-31-2005, 03:29 PM

Its all over. Wonder if ARS has a special deal with them.

Its very hard to pull it together through chapter 11 without client support. Do they still have that at all?

After Shock Media · 03-31-2005, 03:29 PM

Pipeline? ahh ok so I get many time zones of aprils fools jokes great...

03-31-2005, 03:30 PM

April 1st people, chill

Shooting_Manic · 03-31-2005, 03:31 PM

Quote:

Originally Posted by Lord of the fungi

Pipeline? ahh ok so I get many time zones of aprils fools jokes great...

Opps! hahaha!

Well its not much of an April Fools joke when its soooo close to being true.

AlienQ - BANNED FOR LIFE · 03-31-2005, 03:32 PM

People are shocked?

Gottis · 03-31-2005, 03:33 PM

Quote:

Originally Posted by AlienQ

People are shocked?

What's today's date?

After Shock Media · 03-31-2005, 03:35 PM

Quote:

Originally Posted by Jon Adolfsson

What's today's date?

2:35pm PST March 31st. Why?

CDSmith · 03-31-2005, 03:36 PM

Until I see some confirmation, I'll file this under chapter April fools.

jonpotz · 03-31-2005, 03:36 PM

LOLOLOL

FUCK WATSON! Thats great!

I was thinking for a sec, Larry Flynt just might hire someone named Fuck Watson.

acctman · 03-31-2005, 03:37 PM

it's an April Fools joke? yes no? how can you fuck up a company like that damn. going from one of the largest processors to a shitty one. i'd like to smack the person in charge of that company. all they had to do is run an honest company and pay people on time. that's it, how hard is it to be honest and not cheat the customers.

Rich · 03-31-2005, 03:37 PM

No surprise there.

The April fools joke would be them paying what they owe.

Gottis · 03-31-2005, 03:38 PM

Quote:

Originally Posted by Lord of the fungi

2:35pm PST March 31st. Why?

what's today's date......... in the thread starter's time zone.

Shoplifter · 03-31-2005, 03:41 PM

Ha ha like Associated Press would waste print on Ibill.

Fools.

webspider · 03-31-2005, 03:44 PM

Ha, ha, ha! Aprils Fools, but they should go bankrupt!

e-god · 03-31-2005, 04:05 PM

april 1

SomeCreep · 03-31-2005, 04:07 PM

03-31-2005, 03:25 PM	#1
fünkmaster So Fucking Banned Join Date: Nov 2004 Posts: 791	BREAKING NEWS: IBILL files Chaper 11 IBILL files Chapter 11, sues Penthouse AP: Bankruptcy filing is one of the largest ever. -------------------------------------------------------------------------------- The Associated Press Originally published April 1, 2005, 0:10 AM CMT LONDON -- IBILL Corp. isn't going down without a fight, and its one-time savior Penthouse Inc. has jumped in the ring. Former processing giant IBILL capped its six-month tailspin by filing to reorganize under Chapter 11 bankruptcy protection Sunday, in one of the largest U.S. processing corporate bankruptcies ever. IBILL also sued rival Penthouse for $10 billion, claiming the fellow Florida-based company had no grounds to scuttle a proposed buyout. On Monday, Penthouse said it had filed a suit against several IBILL subsidiaries not included in the bankruptcy filing. In its bankruptcy filing, IBILL asserted that Penthouse breached a merger agreement by backing out of its Sep. 9 deal to buy IBILL less than three weeks later. IBILL also says Penthouse has no right to exercise an option on its large Northern Natural Gas pipeline in return for a $1.5 million investment. Penthouse chairman and chief executive Fuck Watson called IBILL's lawsuit ``frivolous and disingenuous,'' and announced Penthouse has sued several IBILL subsidiaries not included in the bankruptcy case to ensure that they live up to their contractual obligations to the pipeline.

03-31-2005, 03:28 PM	#8
Gottis Confirmed User Join Date: May 2004 Location: VIP NO ID Posts: 1,746	lol great post man. Had me for a sec. __________________ Hit me up for ABC link trades - icq 7583011

03-31-2005, 03:29 PM	#10
Shooting_Manic Too lazy to set a custom title Join Date: Jan 2005 Location: NY Posts: 1,740	Its all over. Wonder if ARS has a special deal with them. Its very hard to pull it together through chapter 11 without client support. Do they still have that at all? __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

03-31-2005, 03:29 PM	#11
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	Pipeline? ahh ok so I get many time zones of aprils fools jokes great... Last edited by Lord of the fungi; 03-31-2005 at 03:30 PM..

03-31-2005, 03:32 PM	#14
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	People are shocked? __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

03-31-2005, 03:26 PM	#2
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	Originally published April 1, 2005

03-31-2005, 03:26 PM	#3
Kevsh Confirmed User Join Date: Dec 2004 Location: TO Posts: 8,619	This iBill drama keeps getting better. RIP.

03-31-2005, 03:26 PM	#4
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	!!!!!!!!!!!!!!!

03-31-2005, 03:27 PM	#5
X37375787 Guest Posts: n/a	April 1st due to time difference dude...

03-31-2005, 03:27 PM	#7
FreeHugeMovies Too lazy to set a custom title Join Date: Dec 2001 Location: Charlotte, NC Posts: 14,137	chief executive Fuck Watson ???? Fuck Watson?

03-31-2005, 03:29 PM	#9
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	ahhh here we go!

03-31-2005, 03:30 PM	#12
X37375787 Guest Posts: n/a	April 1st people, chill

03-31-2005, 03:36 PM	#17
CDSmith Too lazy to set a custom title Industry Role: Join Date: May 2001 Location: My network is hosted at TECHIEMEDIA.net ...Wait, you meant where am I located at? Oh... okay, I'm in Winnipeg, Canada. Oops. :) Posts: 51,460	Until I see some confirmation, I'll file this under chapter April fools. __________________ *Promote Wildmatch, ImLive, Sexier.com, and more!!* ALWAYS THE HIGHEST PAYOUTS: Big Bux/ImLive SIGNUP ON NOW!!! Put some PUSSYCA$H in your pocket. ICQ me at: 31024634

03-31-2005, 03:36 PM	#18
jonpotz Confirmed User Join Date: Aug 2004 Posts: 960	LOLOLOL FUCK WATSON! Thats great! I was thinking for a sec, Larry Flynt just might hire someone named Fuck Watson.

03-31-2005, 03:37 PM	#19
acctman Confirmed User Join Date: Oct 2003 Location: Atlanta Posts: 2,840	it's an April Fools joke? yes no? how can you fuck up a company like that damn. going from one of the largest processors to a shitty one. i'd like to smack the person in charge of that company. all they had to do is run an honest company and pay people on time. that's it, how hard is it to be honest and not cheat the customers.

03-31-2005, 03:37 PM	#20
Rich So Fucking Banned Join Date: Jan 2003 Posts: 11,486	No surprise there. The April fools joke would be them paying what they owe.

03-31-2005, 03:41 PM	#22
Shoplifter Richest man in Babylon Industry Role: Join Date: Jan 2002 Location: Posts: 10,002 Posts: 5,743	Ha ha like Associated Press would waste print on Ibill. Fools.

03-31-2005, 03:44 PM	#23
webspider Confirmed User Join Date: Mar 2001 Location: Canada Posts: 340	Ha, ha, ha! Aprils Fools, but they should go bankrupt! __________________ Weird Stuff

03-31-2005, 04:05 PM	#24
e-god Confirmed User Join Date: Jan 2003 Location: BabeLand Posts: 1,737	april 1 __________________

03-31-2005, 04:07 PM	#25
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	__________________ Webair Hosting I use and recommend Webair for hosting.