Discuss: Chapter 11 Bankruptcy

"Supreme Chancellor and Glorious Leader SaveTheIntegras" (jegoingout) 06/10/2016 at 13:38 • Filed to: Durrrr

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I think we need go have an Oppo wide discussion of what CHAPTER 11 BANKRUPTCY means

BringBackTheCommodore > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:41

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Hopefully, it doesn’t mean that we’re about to get forcibly evicted.

crowmolly > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:41

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NOT LIQUIDATION

/end

RT > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:41

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jk.

It's just reorganisation.

Supreme Chancellor and Glorious Leader SaveTheIntegras > crowmolly 06/10/2016 at 13:42

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take all my stars

MontegoMan562 is a Capri RS Owner > crowmolly 06/10/2016 at 13:42

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Only 2 words

And it was well said.

TheTurbochargedSquirrel > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:44

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But... but panic gifs are fun....

Future next gen S2000 owner > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:44

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It means you don’t have any money to give to me so that I can afford a new house, boat, and a Lamborghini.

BvdV - The Dutch Engineer > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:47

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I agree, everyone is thinking way too far ahead. We’re not even close to the end probably.

Though shutting down a free blogging service, could make gawker more interesting for a potential buyer.

Steve in Manhattan > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:47

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Didn’t think I’d get to use my law degree today - 11 is reorganization for businesses , and 7 is for individuals.

Supreme Chancellor and Glorious Leader SaveTheIntegras > Steve in Manhattan 06/10/2016 at 13:49

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flex that law degree

Biggus Dickus (RevsBro) > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:51

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Only two people win in Bankruptcy: The accountants and Lawyers.

RyanFrew > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:51

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Not much, yet. There are loads of businesses that have climbed their way out of Chapter 11. Delta Airlines is the first that comes to my mind, for some reason. Trump has done it 4 times and will still stand on stage and unapologetically describe himself as a great businessman.

Mojo Jojo > crowmolly 06/10/2016 at 13:52

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But they are selling. All this does is put them in a position to reduce debt load and apply more of their sale price to the settlement.

Supreme Chancellor and Glorious Leader SaveTheIntegras > RyanFrew 06/10/2016 at 13:53

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that’s cause of all of his “huuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuge and great deals”

Berang > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 13:53

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I’m pretty sure chapter 11 means the company is already bust, they’re auctioning off the furniture, Denton’s already funneled all his embezzlements into a swiss bank account, and the controlled implosion of the gawker offices is scheduled to take place in about fifteen seconds.

Berang > Steve in Manhattan 06/10/2016 at 13:57

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7 is also used for businesses sometimes. And individuals may also file for chapter 11 in some circumstances.

extraspecialbitter > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:00

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But what do we do about the r/oppo that I don’t want to go to?

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:01

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If Oppo ever shuts down, we might have to go to *shudder* VWVortex...

I wish that fate upon nobody. Thank god we’re probably not going anywhere.

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:02

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we’ll just go to Canada

PartyPooper2012 > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:02

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Y! h Yuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuge

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:03

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you’re not invited

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:04

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I’m a party crasher

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:04

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i’ll build a wall

TheBloody, Oppositelock lives on in our shitposts. > not for canada - australian in disguise 06/10/2016 at 14:05

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I’m not paying for it though...

Aaron M - MasoFiST > crowmolly 06/10/2016 at 14:06

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Chapter 7 is liquidation.

not for canada - australian in disguise > TheBloody, Oppositelock lives on in our shitposts. 06/10/2016 at 14:07

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that’s right, savetheintegras is until he changes his name to savethecsxs or savetheacuraels

Steve in Manhattan > Berang 06/10/2016 at 14:08

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Rare, but true. I never worked bankruptcy when I was practicing.

TheBloody, Oppositelock lives on in our shitposts. > not for canada - australian in disguise 06/10/2016 at 14:08

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Oh, well in that case. Carry on.

deprecated account > not for canada - australian in disguise 06/10/2016 at 14:13

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“We’re gonna f*ck ‘em all to death. Every single one of ‘em.”

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:14

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I’ll go over the wall

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:15

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did i say wall i meant giant glass dome over all of canada

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:15

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bitch

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:16

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I’ll just throw a rock at it

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:16

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it’s indestructible glass

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:18

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now you’re bullshiting me

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:19

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shut up

unclevanos (Ovaltine Jenkins) > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:19

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I’ve got the best bankruptcies, tremendous ones. They’re gonna be the best cause I have the best bankruptcy people. Its gonna be great I tell you.

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:19

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come at me Canada

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:24

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i’d rather not

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:27

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then I’m coming for you

not for canada - australian in disguise > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:28

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it seems you’ve forgotten about the glass dome

Supreme Chancellor and Glorious Leader SaveTheIntegras > not for canada - australian in disguise 06/10/2016 at 14:30

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nothing I can’t deal with

RyanFrew > Supreme Chancellor and Glorious Leader SaveTheIntegras 06/10/2016 at 14:32

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“I’ve got the best Chapter 11s. Everybody loves my Chapter 11s. You’ll see.”

LongbowMkII > RyanFrew 06/10/2016 at 17:07

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Step 1: Declare Ch.11

Step 2: ???

Step 3: President Nick Denton

RyanFrew > LongbowMkII 06/10/2016 at 17:09

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This is the scariest comment I’ve ever encountered on Kinja. Well played.