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There is always that possibility. Their ch 11 bankruptcy could be - converted to a ch 7 liquidation

Posted: Jan 13th, 2020 - 3:00 pm In Reply to: What if this company goes bust? - anon2

This conversion can be made by the debtor (KS) or the court can compel it if the terms of ch.11 are not being followed. In this case it is a ticking time bomb IMO. This company is circling the drain.

Unfortunately the employees will probably be at the bottom of the totem pole as assets are seized and liquidated to pay creditors.

This is why I am personally more in favor of going to the media and acting quickly with the help of community and local agency pressure.

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With the heat turned up under KS and LT I wonder how many - will get checks today (Views: 749, 2020-01-13, 11:00 am)
- Employees still incurred late fees and NSF fees. - Keystrokes does not reimburse. (Views: 550, 2020-01-13, 11:14 am)
  - They need to send demand letters to LT and the CFO - for those fees and follow up (Views: 443, 2020-01-13, 12:18 pm)
  - The company is - not responsible for (sm) (Views: 411, 2020-01-13, 2:12 pm)
    - In a court case those NSF charges and other damages would be - introduced as damages to recoup (Views: 520, 2020-01-13, 2:52 pm)
      - How are you going to collect? - StillAnMT (Views: 381, 2020-01-13, 5:06 pm)
        Set liens on every thing she owns. Haunt her until she pays. - Let prospective clients know all about it (Views: 555, 2020-01-13, 5:44 pm)
        If you have a judgement you can have the sheriff go to a business - and stand there and collect funds as it comes in (Views: 380, 2020-01-13, 5:52 pm)
      - You all - are in a hysteria! (Views: 443, 2020-01-13, 6:22 pm)
        People have a right to voice their opinions and I'm sure they aren't - simple enough to blame a pimple on KS (Views: 396, 2020-01-13, 6:46 pm)
        Hostile employment? - She made them stay? (Views: 499, 2020-01-13, 7:21 pm)
        Burning building - KS (Views: 366, 2020-01-13, 7:50 pm)
        Yes it meets the definition of hostile work environment (m) - anoneemoose (Views: 568, 2020-01-13, 8:27 pm)
        Hostile employment - She made them stay (Views: 292, 2020-01-15, 10:05 pm)
        People have offered advice and attempted to empower KS - employees. They were then called bullies (Views: 339, 2020-01-14, 11:46 am)
        The posts aren't childish and ridiculous. They are people - working out how to deal with Keystrokes (Views: 435, 2020-01-14, 2:24 pm)
        People need to post on a popular rant and rave List site - and I wrote a scathing review on indeed nm (Views: 308, 2020-01-14, 5:53 pm)
- What if this company goes bust? - anon2 (Views: 548, 2020-01-13, 1:56 pm)
  - There is always that possibility. Their ch 11 bankruptcy could be - converted to a ch 7 liquidation
  - LT has homes, cars and buildings she can sell. - see below (Views: 399, 2020-01-13, 4:24 pm)
- You hangers-on must think you can force her to pay you - StillAnMT (Views: 366, 2020-01-13, 9:36 pm)
  - Justice - Occasionally prevails (Views: 371, 2020-01-13, 10:01 pm)
  - By now payment is secondary to sending a message that - KS non-payment is no longer tolerated (Views: 424, 2020-01-13, 10:05 pm)
    - I feel that way. - Waiting for Karma. (Views: 550, 2020-01-13, 10:07 pm)
  - Yes she can be forced to pay what she owe. Most assuredly! - anony (Views: 441, 2020-01-13, 10:18 pm)