Bankruptcy, legal proceeding in which a debtor declares his or her inability to pay consumer or business debts as they become due.
Debtors may seek a discharge from continuing personal liability for unsecured debts or they may attempt to reorganize financially
by seeking an extended period of time in which to pay all or a proportion of their indebtedness.
LETS ALL HOPE THIS DOES NOT HAPPEN!
The IPT was and is a great Idea for the pool world lets hope KT can make a plan,regroup and heal these wounds.
In Bankruptcy there is no winners!
Debtors may seek a discharge from continuing personal liability for unsecured debts or they may attempt to reorganize financially
by seeking an extended period of time in which to pay all or a proportion of their indebtedness.
LETS ALL HOPE THIS DOES NOT HAPPEN!
The IPT was and is a great Idea for the pool world lets hope KT can make a plan,regroup and heal these wounds.
In Bankruptcy there is no winners!