Chinese Department Store
Chinese Department Store
Does a true patriot ship their company to China to make a few bucks…?
… Just because they have a huge lack of civil rights? Using them for something America doesn’t stand for. We went into Iraq to spread Democracy, and these fat pockets mock our beliefs with these poisonous Chinese products? I can’t go into one of these corporate pig roast department stores and buy anything made by a fellow American. Hell, up until what? two years ago? They sold American flags made in China (The flag poles are still made in China)?! Are these the people you feel sorry for?
No!
Can a US Bankruptcy Court override a winning auction bid ?
The news this morning is that Gottschalks Department Stores will be liquidated because the one investor (a Chinese conglomerate) willing to try and save over 5000 jobs was not the winning bid. Does the court have any leeway in looking at the impact of the bid on the economy? Can the court reopen the bidding to see if others are willing to join the investor and sweeten the deal to help save jobs?
The winning bid I am talking about is from a court ordered auction to raise money to pay the creditors. There are two kinds of bidders, those that want to save Gottschalks and keep it open as a business, and those that want to liquidate all of the assets to make a quick buck.
Courts have the right to override anything. When filing bankrupt they ask for your earning, wining amount of money expected to come in, people you owe and the people that owe you. They ask for all property and any asset that’s in your name and your spouse. Courts consider it all income including winning. So yes!
Chinese Department Store
Chinese Department Store Cinema: 24 hrs Ghost Story
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