Re: Sad news

[Joe Pluta <joepluta@xxxxxxxxxxxxxxxxx>]

I have NO idea, Chuck.  That's what's so sinister about it.  They simple 
say "might be penalized".  Logically that would seem to infer you would 
get less than you're supposed to get, but one never knows.  If you know 
you're one of the folks who are getting nothing and you try to get 
payment, do they send over a couple of large fellows with bad attitudes?

Anyway, Jon's right - the conversation is probably drifting just a tad... :)

Joe
> HOW could you be penalized Joe?
>
> -----Original Message-----
> From: midrange-l-bounces@xxxxxxxxxxxx
> [mailto:midrange-l-bounces@xxxxxxxxxxxx] On Behalf Of Joe Pluta
> Sent: Saturday, February 13, 2010 11:01 PM
> To: Midrange Systems Technical Discussion
> Subject: Re: Sad news
>
> Ah, the lovely world of financial dealings.  I don't know what you mean 
> by "well into coming out of it" but as far as I've read they filed last 
> week (Tuesday?) a pre-packaged plan to reorganize about a quarter of 
> their debt and they expect to be done with the process in 45-60 days.  
> It's a prepackaged bankruptcy which means everything is a done deal, and
>
> they already know who is going to get what.  In fact, I got a letter 
> saying that if I attempted to collect any debts owed me I might be 
> penalized.  Vaguely authoritarian legal stuff, but pre-packs are all the
>
> rage now.
>
> Joe
>