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Q: Why is is Enron not facing liquidation, but emerging from Ch11 reorg instead? ( No Answer,   1 Comment )
Question  
Subject: Why is is Enron not facing liquidation, but emerging from Ch11 reorg instead?
Category: Business and Money > Accounting
Asked by: grthumongous-ga
List Price: $16.64		 Posted: 11 Mar 2004 23:00 PST
Expires: 11 Apr 2004 00:00 PDT
Question ID: 315911 
Why is Enron not facing liquidation, but Ch11 reorg instead?
The recent news that the SEC has approved the plan for a split and a name 
change to Cross-Country seems incredible. While it is true that the
Bankruptcy Court must still appprove, apparently that *is* likely.

http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A56011-2004Feb19&notFound=true
Answer  
There is no answer at this time.

Comments  
Subject: Re: Why is is Enron not facing liquidation, but emerging from Ch11 reorg instead?
From: imfineandyou-ga on 14 Aug 2004 17:11 PDT		  
Most likely because the liquidated value would not provide much to the
creditors... profits from continuing the operations of hard asset
holdings would provide more.  A great book to read about Enron is "The
Smartest Guys in the Room."  I highly recommend it.
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