ARROW BANKRUPT!!

Saturday, January 12, 2002 2:16 PM
There was an article in the Ogden,Utah news paper and it said that the builders (Arrow dynamics) of the Olympic cauldron filed for chapter 11 BANKRUPTCY.  It says that the company spent to much on the new ride "X" at SFMM.
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Saturday, January 12, 2002 2:21 PM
...Old news...
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...Wondering what the 2002 season holds for all parks...
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Saturday, January 12, 2002 2:22 PM
Here is the Article.

Fri, Jan 11, 2002

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Saturday, January 12, 2002 2:56 PM
DO YOU GUYS LEARN NOTHING?!

Chapter 11 is NOT bankruptcy.  It is called Bankruptcy PROTECTION!  This being that they cannot go bankrupt.  They filed this while they reform the company.

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Bomb Squad Technician

If you see me running, try and keep up!

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Saturday, January 12, 2002 3:44 PM
Chapter 11 pretects companies with debts.  The creditors can't seize the debtor's assets momentarily.  It does mean the company is not financially healthy.  It will give Arrow time to review its budgets and try to work out a plan to stay in business (usually restructuring).
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Saturday, January 12, 2002 3:45 PM
Heh. Coaster131, some people think that if there is the word "bankrupt" in something, that it means they went bankrupt. Once in a while I still see people saying Vekoma went bankrupt. You just gotta let people say it wrong. It's futile to try to correct them, because for everyone you set straight, two more people learn the wrong information. 
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I have no signature.
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Saturday, January 12, 2002 7:38 PM
I'd call it old news as it was posted in the news section of this very site on December 11th 2001.

http://www.coasterbuzz.com/news/news.asp?NewsID=3292

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www.coasterimage.com

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Sunday, January 13, 2002 11:40 AM
Amen, Lord Gonchar.....amen
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Closed topic.

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