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View Full Version : Greddy/Trust files bankrupcy!


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Kracka
09-12-2008, 07:32 PM
Looks like they filed the equivalent to Chapter 11 so parts production will continue as normal.

1ViciousGSX
09-15-2008, 09:06 AM
Buy-out maybe?

HiImBrian
09-15-2008, 10:25 AM
Looks like they filed the equivalent to Chapter 11 so parts production will continue as normal.

What's that actually mean? They will continue production and selling of their parts? If that's the case than what's different?

Kracka
09-15-2008, 10:45 AM
They basically just are forgiven their outstanding debts giving them the opportunity to restructure their company (they pay what they can by priority level, once the money is gone the remaining debts go unpaid).