Originally Posted by StopBeingWhimps

Then that would be a Chapt 7 liquidation sale, at that point a court trustee takes over and puts the remaining assets out on the "open market" for everything to be bid on. That is currently not an option right now for the Bond Holders (atleast in the short term) A chapter 11 section 363 asset sale can be done anytime to one particular buyer agreed by the Bond Holders to acquire the assets, take over leases etc. This is most likely scenario and most likely the current talks going on with Franke right now.. The Bond holders run the show, they are in charge.. they will make the decision on whats best for their recovery and it seems Chapt 7 is NOT part of their plans.
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