BBBY Will File For Chapter 7 Today. Get your cover letters and resumes ready for the next steps in your retail careers.
15 replies (most recent on top)
No chapter 11. No bank is going to finance it. They are closing in waves to ensure the clowns get their payouts
Correct yhf! 44 percent of the companies who go Chapter 11 end up in Liquidation under 7, correct?
Bankruptcy STARTS as Chapter 11 (usually). A JUDGE then goes over the records and determines in a court whether or not the company has any chance to pay off this debt or found a buyer. IF neither are met the 11 is converted to Chapter 7.
They’re not declaring Chapter 7 today. We are still weeks/months away!! THIS is just desperation to avoid chapter 11. The more they close, the less likely we find a buyer. But they need money FAST so it’s all bullcr-p.
The company is done by the end of 2023. I don’t have a date. But it won’t see 2024!!
Iwj and wvc are meme pampers as well. They want fellow pampers to read this and want to make money on your anxiety for just one more pump and dump. They care nothing about you or would point out how aflame the lack of severance payments board is blowing up. THAT causes anxiety, not a death sentence you have heard a million times. So do sudden phone calls telling you to close.
Zxz is a memer.
@zxz+1kZ7kC0C Your post is correct but not for the reason you are implying. Their goal isn't CH7, their goal is to try and avoid it. Them chopping off limbs is the same as trying to scratch and claw their way out of a ho-e. But the ho-e is very deep and lined with grease. So yeah they are like a cornered animal right now, however CH7 is just as likely as CH11. They are in Chapter Desperation.
Due diligence required as to source of these posts. Much manipulation on market.
The hall monitor isn't needed.
Welcome meme pumpers!
They wouldn’t bother closing “some stores” if they were going Ch7. If ch7 was the goal, they’d just not announce closures and let the whole thing go in one swoop.
“Get those resumes ready”
Posted yesterday 🤦♂️
So many redundant posts lately.
Company is beyond fkd at this point. We get it. I have already giving my notice and looking elsewhere but this is becoming comical with the complete saturation of the same topic with nothing new added. Feels like yahoo news lately in this thread. Post something new and relevant so people can make their own decisions about their future with the company
They have too much debt. It will be chapter 7. Gonna die off like Linens N’ Things
Show the proof or Stop spreading these kind of rumors!
Just adds anxiety to already worried folks.
By the way, they were never going for Ch-7, it was always Ch-11.
What’s the source?
If not today it will happen soon enough. The boat is bobbing up and now . Only one thing left. And Sue won't let you on the door
People that are still at BBB now aren't going to do that on pure speculation. Most still won't do it when it becomes reality. So your crystal ball is useless and most likely inaccurate.