SCO Files for Chapter 11

Discussion in 'NZ Computing' started by JohnO, Sep 17, 2007.

  1. JohnO

    JohnO Guest

    Good job. Should make quite a few people happy.
     
    JohnO, Sep 17, 2007
    #1
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  2. JohnO

    peterwn Guest

    No. Chapter 7 (total liquidation) would have been better.

    Chapter 11 basically allows a company to ward off creditors while it is
    generally 'business as usual'. There is no New Zealand equivalent to
    Chapter 11.

    SCO has basically ignored Novell, IBM and Red Hat in its Chapter 11
    filing, and these companies may try and convince the Delaware (where
    most USA companies are registered) court that they are also major
    prospective creditors.
     
    peterwn, Sep 17, 2007
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