MitsuStyle - Greddy/Trust files bankrupcy!

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- - Greddy/Trust files bankrupcy! (http://www.mitsustyle.com/forums/showthread.php?t=20667)

Kracka

09-12-2008 07:32 PM

Re: Greddy/Trust files bankrupcy!

Looks like they filed the equivalent to Chapter 11 so parts production will continue as normal.

1ViciousGSX

09-15-2008 09:06 AM

Re: Greddy/Trust files bankrupcy!

Buy-out maybe?

HiImBrian

09-15-2008 10:25 AM

Re: Greddy/Trust files bankrupcy!

Quote:

Originally Posted by Kracka (Post 255997)

Looks like they filed the equivalent to Chapter 11 so parts production will continue as normal.

What's that actually mean? They will continue production and selling of their parts? If that's the case than what's different?

Kracka

09-15-2008 10:45 AM

Re: Greddy/Trust files bankrupcy!

They basically just are forgiven their outstanding debts giving them the opportunity to restructure their company (they pay what they can by priority level, once the money is gone the remaining debts go unpaid).

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