Linked by Thom Holwerda on Fri 14th Sep 2007 21:36 UTC, submitted by dylansmrjones
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Member since:
2006-10-10
Just because a company files Ch.11 doesn't mean it shuts it's doors and disappears. 9 times out of 10 (in US, at least) all that changes is the name outside on the building. All bankruptcy protection means is that SCO doesn't have to pay the creditors it owes.
I worked for a company that filed Ch. 11 three times before being forced into receivership by the board of directors, and having the IRS go after them for tax evasion. That was the only thing that kept them gone.