Linked by Thom Holwerda on Fri 14th Sep 2007 21:36 UTC, submitted by dylansmrjones
SCO, Caldera, Unixware Yahoo reports that SCO has filed [.pdf] for bankruptcy in order to protect assets. "The SCO Group today announced that it filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. SCO's subsidiary, SCO Operations, Inc., has also filed a petition for reorganization. The Board of Directors of The SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders, and employees." Groklaw has a story on it, too.
Thread beginning with comment 271372
To view parent comment, click here.
To read all comments associated with this story, please click here.
RE: Wrong chapter
by mcduck on Fri 14th Sep 2007 21:54 UTC in reply to "Wrong chapter"
mcduck
Member since:
2005-11-23

They should be filing unter chapter 7. That's when the court sells off your assets. Chapter 11 might allow them to stick around.

After Novell makes it claim, thats whats going to happen.

Reply Parent Score: 1