Originally Posted by Packrat (Post 1906412)

I remember when I was a kid and the current center was being built. Dad was one of the instructors there. Ah, nostalgia...

Originally Posted by Thor (Post 1906633)

Check your federal bankruptcy law, and note the Mechanics Union filing a claim as a creditor in BK is not the same as a "mechanics lien". A creditor can file a claim against tangible assets held in bankruptcy to secure payment, which is what the mechanics did. The company was faced with liquidating the encumbered assets to pay the claim via the creditors committee or find another way fund the mechanics claim. The company chose the latter.

PS. TK = Total Konfusion

Originally Posted by CL300 (Post 1906281)

What's "TK" stand for?

Originally Posted by Thor (Post 1906951)

Although that's what they did, and they got paid. Weird huh? Read the bankruptcy proceedings, the details are in there.

Originally Posted by Thor (Post 1906980)

United States Courts login via PACER, search away.

The Mechanics Union didn't arbitrarily assign a claim to the building in bankruptcy, it was an established debt that the company owed in which they used the building as collateral. The company obviously didn't see the building to pay the claim, but it did put the mechanics in a better position to negotiate a BK settlement.