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Re: Skipjacks
[Re: Carol_Hill]
#252691
04/12/2021 06:25 PM
04/12/2021 06:25 PM
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Joined: Oct 2013
Posts: 1,663 United States of America
bdeeley
Traveler
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Traveler
Joined: Oct 2013
Posts: 1,663
United States of America
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I do not. I just know the type of bankruptcy allowed in St Maarten. Everyone is using the word "bankruptcy" to refer to the situation with Skipjacks, and if it was a "bankruptcy" under St Maarten law than it would be a full liquidation of the assets. But, If it was a Moratorium than maybe Skipjacks closed in order to stop hemorrhaging money while the pandemic was going on and used that time and their existing bank liquidity to work out some form of payment scheme with their creditors until they were able to reopen in a more favorable financial climate.
Be Happy! Simply because you deserve to be. 😁
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