jjinfla said:Today I was reading an article about the bankruptcy reforms and one point they make is that the person has to attempt to repay some of the money owed and the person has to take counseling requirements prior to filing.
So with the partial payment he has completed that part of the bankruptcy requirement. I imagine he will take a conseling course shortly.
The article didn't state if this applies just to individuals or to businesses too.
But it looks like he is getting his ducks in order. Banktruptcy is around the corner. That 1/3 offer is looking better and better.
JJ.. I believe that that only involves single/married people. Not corporations....Here in NY.. NYRA is going to file for reorganization bankruptcy.....I just see the head of NYRA going to any classes.......mike