WORLDCOM files for bankrupcy?!

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  • LvR
    Super MURCer
    • Jun 2000
    • 1570

    #1

    WORLDCOM files for bankrupcy?!

    That the reason all responses of sites from that side of the pond is so slow lately?
    Lawrence
  • ayoub_ibrahim
    Super MURCer
    • Dec 1999
    • 2445

    #2
    nice avatar LvR!
    hope it's not ment to indicate that you often put your foot in it.
    Last edited by ayoub_ibrahim; 22 July 2002, 01:37.

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    • Dr Mordrid
      Moderator
      • Apr 2001
      • 26592

      #3
      They filed for Chapter 11, which means protection from creditors until they can reorganize.

      This doesn't mean going out of business; that's Chapter 7, which leads to liquidation of the entire company.

      If all goes well they can emerge from a Chapter 11 bankruptcy in about a year.

      Dr. Mordrid
      Dr. Mordrid
      ----------------------------
      An elephant is a mouse built to government specifications.

      I carry a gun because I can't throw a rock 1,250 fps

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      • LvR
        Super MURCer
        • Jun 2000
        • 1570

        #4
        ayoub_ibrahim

        I have been known to have "foot in mouth desease" in some rare instances, but that is really only my lame attempt at becoming the male version of a thing/person called "Avatar tease" - see posts elsewhere.

        Doc

        In this neck of the woods we just got the headline - hence the question.
        Lawrence

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