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Posted On: 08/17/2022 12:21:17 AM
Post# of 22467
Solterra Renewable Technologies Inc filed for Chapter 11 bankruptcy protection with the case progressing and documents being filed in real time as we speak. Links below.
https://bkdata.com/business-bankruptcies/sana...gies-10297
https://www.bizjournals.com/austin/news/2022/...s-inc.html
http://ecf-ciao.cacb.uscourts.gov/kioskPDF/SY_062322.pdf
The way I have come to think about this is what it reveals about the value and equity we own. There is a lot here to fight to protect and that is exactly what Steve is doing. As I posted earlier today, companies choose to file Chapter 11 because its long-term revenues will be higher than the liquidation value of the assets. The biggest advantage is that a business can continue operations while going through the reorganization process. This allows them to generate cash flow that can aid in a repayment process. The court issues an order that keeps creditors at bay. Some Chapter 11 cases wrap up within a few months, but it's more usual for it to take six months to two years for a Chapter 11 case to come to a close.
https://bkdata.com/business-bankruptcies/sana...gies-10297
https://www.bizjournals.com/austin/news/2022/...s-inc.html
http://ecf-ciao.cacb.uscourts.gov/kioskPDF/SY_062322.pdf
The way I have come to think about this is what it reveals about the value and equity we own. There is a lot here to fight to protect and that is exactly what Steve is doing. As I posted earlier today, companies choose to file Chapter 11 because its long-term revenues will be higher than the liquidation value of the assets. The biggest advantage is that a business can continue operations while going through the reorganization process. This allows them to generate cash flow that can aid in a repayment process. The court issues an order that keeps creditors at bay. Some Chapter 11 cases wrap up within a few months, but it's more usual for it to take six months to two years for a Chapter 11 case to come to a close.
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