DENTK...Is it moving or not?

Reply Subscribe

Page 3 of 8

Last »

Thread Tools

Search this Thread

06-16-2015 | 05:15 AM

#21

oldmako

Gets Weekends Off

Joined: May 2009

Posts: 3,076

Likes: 3

From: The GF of FUPM

Training Kenter.
Temporary Knowledge

06-16-2015 | 05:24 AM

#22

Packrat

Banned

Joined: Nov 2013

Posts: 4,378

Likes: 0

From: 7th green

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

06-16-2015 | 09:03 AM

#23

CousinEddie

Line Holder

Joined: Nov 2012

Posts: 1,091

Likes: 1

Quote:

Originally Posted by Packrat

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

Did he hang out with Arnold Palmer?

https://www.youtube.com/watch?v=sCmvIsfXATA

06-16-2015 | 09:23 AM

#24

pilot64golfer

Gets Weekends Off

Joined: Nov 2013

Posts: 1,168

Likes: 0

From: Gets weekends off

Quote:

Originally Posted by Thor

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

Bankruptcy claims aren't for the specific assets. The trustee gets to potentially liquidate whatever assets have value and then distribute to specific lien holders. So the mechanics can't just pick an asset, like TK, and say they get all the proceeds if that asset is liquidated.

06-16-2015 | 11:44 AM

#25

APC225

Gets Weekends Off

Joined: Feb 2011

Posts: 3,866

Likes: 0

Quote:

Originally Posted by CL300

What's "TK" stand for?

Tire Kingdom, owners of the National Tire and Battery ("NTB") chain of stores.

Tire Kingdom - Tires & Routine Auto Maintenance

06-16-2015 | 12:57 PM

#26

pilot64golfer

Gets Weekends Off

Joined: Nov 2013

Posts: 1,168

Likes: 0

From: Gets weekends off

Quote:

Originally Posted by Thor

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

Can you attach a copy with the appropriate part. This doesn't make sense at all.

06-16-2015 | 01:46 PM

#27

Firsttimeflyer

Stuck Mic

Joined: Dec 2013

Posts: 1,059

Likes: 0

Any word???

06-16-2015 | 01:51 PM

#28

Airhoss

Gets Weekends Off

Joined: Apr 2008

Posts: 5,738

Likes: 5

From: Sleeping in the black swan’s nest.

Guam.....

Because that's how we roll at UAL.

06-16-2015 | 02:07 PM

#29

pilot64golfer

Gets Weekends Off

Joined: Nov 2013

Posts: 1,168

Likes: 0

From: Gets weekends off

Quote:

Originally Posted by Thor

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.

I did search it. Can't find it. More urban legend.

06-16-2015 | 02:24 PM

#30

flybynuts

Gets Weekends Off

Joined: Apr 2007

Posts: 880

Likes: 0

The announcement has been delayed due to a late additional submission from one of the three cities. Now finance, legal and real estate are going to meet and decide what to do and then have a plan by July. Den and IAH are both very respectable but the final decision is going to be based on more than just cost.