 RickPremium,MVM join:2001-02-06 Waterbury, CT | This sounds like something Bernie Made~off with the money would do. I have no idea whether they'll be filing bk or not but if they do..this will be looked at closely. It would seem that a bankruptcy court judge could reverse it as having been nothing more than a fraudulent conveyance of these company assets that would rightfully have been a part of the bankruptcy estate.
With that said, I still think a wait and see approach is in order as I'm not convinced that they will be filing bk. This company has long carried the levels of debt that they do without filing. Whether they should is another matter entirely. -- The Coyote captured the RR! Roadrunner Rick is now Comcastic! |