Quote:
|
Originally Posted by PerfectionGirls
Sounds like a trustee has been appointed for there EU operations. So that seems like a safe way for them to say that EU has already filled for Bankrupcy.
A "trust" or trustee is only appointed if you are in receivership or filing Chapter 7.
Expect the same for the US stuff shortly.
|
This is probably true but not necessarily the case here seeing as the funding issue seems to have come about unexpectedly in January. There has been solid talk going back to December that they were in trouble with their EU processor for not paying out to the appropriate clients and amongst other things diverting the EU money to pay USA clients. They may be required to do this at this point by their banks.
The other scenario is that they may file for their USA operations, but need a way to keep the EU setup intact.
Who knows, hoping for the best next week.