Watz happening to paintball?
- Thread starter Baba O'Reilly
- Start date
Re: Re: Watz happening to paintball?
The whole chapter 11 situation is not a good one, but should help them out a bit. What it effectively does is freeze all debts upto the date chapter 11 started. This gives the company time to reorganise its priorities and continue trading as per usual, as long as the suppliers stick by them. Hopefully it will all blow over and Paintball Inc can clear the debt. It may take a while though and as long as the suppliers help out, it will all be fine.
The comapny I work for recently went through chapter11/administration and have come out of it fine. We were bought out and no jobs or service was lost! Hopefully this will be the case with Paintball Inc.
I think that answers your question Joe Bob.
The whole chapter 11 situation is not a good one, but should help them out a bit. What it effectively does is freeze all debts upto the date chapter 11 started. This gives the company time to reorganise its priorities and continue trading as per usual, as long as the suppliers stick by them. Hopefully it will all blow over and Paintball Inc can clear the debt. It may take a while though and as long as the suppliers help out, it will all be fine.
The comapny I work for recently went through chapter11/administration and have come out of it fine. We were bought out and no jobs or service was lost! Hopefully this will be the case with Paintball Inc.