Reply to "BREAKING NEWS: How will the Peabody bankruptcy affect the railroads?"

jd-trainOGR Forum Member

Yes, this is true, as in a Chapter 11 bankruptcy filing, the debtor continues to function, maintains ownership of all assets, and tries to work out a reorganization plan to pay off creditors. Chapter 7 bankruptcy is a liquidation.

Problem with coal is that it is a 20th century fuel in the 21st century. I wonder if Peabody has other assets other than coal related ones?

Jim

4/13/169:09 PM

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