RE:RE:RE:RE:RE:Chapter 11 vs. 7
Jack, chapter 11 is complicated and every situation is different. That's why it goes before a judge where creditors and management state their case. Right now, they all seem to be in agreement about the fact that this is a valid company in need of oxygen. Chapter 11 and DIP give TID months of oxygen to continue operating under improving market conditions, rightsizing the operations etc.
I refuse to see the darkest of scenarios at this point because we need to hear what the judge will say and the conditions that he (she) will impose. But those can't be that bad, as someone ese has said on this board, TID has a liquidity problem, not a solvency problem.