With no more inventory being sent to the store, will the company file for Chapter 7 today or tomorrow?
5 replies (most recent on top)
They don't have the money to pay it if they wanted to.
Reports online say they may skip debt payment in Feb.
Fingers crossed! Time to pull the plug on this turkey
You’re crazy. It’s all going to be A-ok
Best guess that can be made is sometime before February 1st as that is when interest is due. Money they obviously don't have. The only way to legally get out of that is CH11 or CH7. A month ago I would have leaned towards CH11 but with how bad things have gone CH7 seems more likely. Fire sale, imminent.