Solterra Renewable Technologies Inc filed for Chap

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.