|
| IMPORTANT Remember to read the rules of the board and abide by them when posting. |
USA Rugby goes bust |
Post Reply 
|
| Author | |
Camquin 
World Cup Winner 
Joined: 01 Jun 2007 Location: Cambridge Status: Online Points: 11453 |
 Post Options
 Thanks(0)
 Quote Reply
 Topic: USA Rugby goes bustPosted: 30 Mar 2020 at 23:43 |
|
Files for Chapter 11 protection. This is of course separate to Major League Rugby - though they have had to cancel after five rounds, so they will be suffering too.
|
|
|
Sweeney Delenda Est
|
|
 |
|
|
Bill Sley
World Cup Winner
Joined: 14 Jul 2007 Status: Offline Points: 2383 |
Post Options
Thanks(0)
Quote Reply
Posted: 01 Apr 2020 at 12:31 |
|
Am I right in thinking that Chapter 11 in the USA is slightly different from Administration in the UK?
I vaguely recall Chapter 11 being less about being a 'basket case' and more a protection from creditors whilst restructuring takes place? I realise that the above does happen in the UK too - but (anecdotally) my perception is that 'most' UK administrations turn into being wound up, whilst a significant number of 'chapter 11s' recover? |
|
|
|
|
Richard Lowther
Coaching staff
Moderator Joined: 19 May 2007 Location: England Status: Offline Points: 6605 |
Post Options
Thanks(0)
Quote Reply
Posted: 01 Apr 2020 at 13:32 |
Yes.
|
|
|
|
|
Post Reply
|
|
Tweet
|
| Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |
Topic Options
Bill Sley wrote: