LogFAQs > #912278400

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Topic	lowkey miss toys r us
Dikitain 11/12/18 1:44:45 PM #18:	BlackScythe0 posted... I'm going to speak bluntly and say I don't understand how this is legal. Chapter 11 bankruptcy. Basically the closing of all of it's stores in the US and UK (as well as selling off the ones in Canada and the rest of Europe) was the condition by which it was allowed to exist. Chapter 11 is how you avoid having to sell off everything to get out of debt (Chapter 7 being the "liquidate everything" bankruptcy). --- I am a senior software engineer. If you see me post here, I am tired of writing TPS reports. <cite>Dikitain posted [p:912278400] in lowkey mis... [t:77194165]...</cite> <quote><cite>BlackScythe0 posted...</cite> <quote>I'm going to speak bluntly and say I don't understand how this is legal. </quote> Chapter 11 bankruptcy. Basically the closing of all of it's stores in the US and UK (as well as selling off the ones in Canada and the rest of Europe) was the condition by which it was allowed to exist. Chapter 11 is how you avoid having to sell off everything to get out of debt (Chapter 7 being the "liquidate everything" bankruptcy). --- I am a senior software engineer. If you see me post here, I am tired of writing TPS reports.</quote> ... Copied to Clipboard!
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