Daily Archives: May 31, 2009

A Perfect 11 – Ugh!

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The media throws around the term Chapter 11 a lot to discuss bankruptcy and what General Motors will go through starting today. See the Wiki for a good snapshot of Chapter 11 filings. Click here.
 
 True bankruptcy is usually in Chapter 7 where a company is liquidated. Boom. Done. It is over.
Chapter 11 is now being positioned as a big mulligan in the sky - a big reboot - a big whoops, sorry - let us start over – for big companies. This is very troubling to me. Chapter 11 is usually a bad thing for a company but now it is starting to be looked at as a good thing and that is a terrible thing.
 

Bears Win Game 1 on the Road

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The Hershey Bears won Game 1 of the Calder Cup Finals on the road last night in overtime 5 to 4.
 
This was an important road win. The schedule format in the Finals is two games on the road, three games at home and then two on the road.
 
The Manitoba Moose sold out their arena last night for the game with more than 15,000 fans in attendance. This is AHL hockey at its best and we are very proud of our Hershey Bears.