A distinction without a difference. Bankruptcy is legally complicated, especially for corporations, and there are many ways it plays out, not all of which require immediate termination of business and complete liquidation. Chapter 11 is preserved for orgs that see a path to continued operation in a different form than its current form, but that still requires lots of people to take a bath on what they are owed and what the continued operation looks like is often unrecognizable than the prechapter 11 form. Like a football team going from the prem to the conference, which is seemingly what Liv is going back to.
This should raise huge alarm bells for football authorities as this is exactly the scenario that FFP and related rules were put in place to ward off.
Yep.
Replied in a rush without reading your whole post.
Thought you were pointing out that bankruptcy and bankruptcy protection were quite different which I only knew by Googling it.
Finally going on vacation on Sunday. Been a stressful season in life, and 2 weeks with Mrs ROTW to decompress seems like bliss. I have barely played golf lately, and she encouraged me to take my clubs. She will drive the cart and keep the drinks flowing, what a lady!
We rented a place on the gulf coast. Swimming, walking the beach, playing some golf, nice dinnersā¦ canāt wait.
I said the opposite. Chapter 11 is bankruptcy. āProtectionā refers to the assets being protected by the court administering the bankruptcy, preventing smash and grab claims by creditors.
Norman wont give a shit. He got let go a while back, presumably paid off in full. And now heāll be primed ready to start his next assault on the PGA in the itnerest of his personal enrichment
And itās all over.
Europe/GB&I now hold all 3 team event trophies.
Just need a ROW victory in the Presidents Cup to make it a dismal time for team Trump