[Sderby] Mandrake Linux files for bankruptcy

[sderby@mailman.lug.org.uk]

I think the headline is misleading. The article says that Mandrake has
applied for bankruptcy protection i.e. so single creditor can put the
company out of business by freezing its bank accounts or grabbing its
assets. In the meantime the business continues to operate while they revise
their plans to get the business on a stable ongoing basis.

In the USA this is called Chapter 11. After Septermber 11 lot of airlines
went into Chapter 11 or threatened to. This forced their creditors to give
them some breathing space. All the big ones are still flying.

Andre

----- Original Message -----
From: "Ashley Heath" <aheath@clikmail.net>
To: <sderby@mailman.lug.org.uk>
Sent: Thursday, January 16, 2003 9:24 PM
Subject: [Sderby] Mandrake Linux files for bankruptcy


> http://news.zdnet.co.uk/story/0,,t289-s2128827,00.html
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