No. of Recommendations: 0
I think it's a combo. The courts will examine the deals to make sure all the debts are paid off satisfactorily and then management picks the one they like best from the offers that pass that test.

Workers compensation generally gets put top of the list. If a company is offering to re-open and bring those workers back, I wonder if the court would view that more favorably than selling the brand to a Mexican company.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.