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Old 04-28-2010 | 02:48 PM
  #671  
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iPilot
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Originally Posted by winglet
...debt agreements approved by the Court before the piggy bank is empty.

winglet
So, what would happen, theoretically if they run out of money? I presumed bankruptcy is defined by not being able to pay bills but if they have zero operating cash how do paychecks get paid? I know they have to enter Ch. 11 with enough money to get through it but absent a loan from somebody they could run completely dry at some point if they don't reorganize fast enough.
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