Hyperion bankrupt?

[Iggy]

Radio Shack filed voluntary for Chapter 11 bankruptcy in order to have the courts give them protection from their creditors.  What has happened to Hyperion is not a voluntary but involuntary so that means their creditor(s) took them to court in order to force them into bankruptcy.  When that happens, typically, the court will force liquidation (after giving a 30 day notice for other creditors to file for their fair share of any proceeds from those sales which I think ends March 4th, 2015) in order to resolve outstanding debts.  

This is extremely serious and unless Hyperion can show there was either procedural mistake during the hearing or new evidence to be add into for the court to be considered, I highly doubt the courts will reverse themselves.  That means the curator (Bert) is now running Hyperion while he does his due diligence and audit Hyperion's book keeping in order to confirm that the state and all creditors get what money is due from liquidation.

Bigger question is what is Amiga Inc going to do now.

ACTUALLY, as a former business manager, contractor, and business owner your are VERY wrong.
This is NOT, as you put it "a very serious matter".
Its an attempt to collect a debt.

And one that would backfire in my own country where I would petition the court for chapter 11 protection.

[Iggy]

Again, and regardless of Belgium's ""one strike and your out" legal structure, this is NOT that serious a matter.
While I, like many of you, would wish Ben nothing but the worst of luck, it seems entirely likely that Hyperion will weather this difficulty without significant damage.

Governments, courts, and legal systems worldwide do not exist to hinder enterprise.
In fact, it is a common business principle that government and businesses partner to facilitate a beneficial business environment and assure financial success.

Would any of you care to challenge my virtually absolute conviction that this will all be worked out and that Hyperion will have no problem dealing with this...
Well, I'd be glad to rub your noses in your mistake over the months and years to come.

Jim

[Iggy]

VERY good.
My coworkers will love that one.
Might have to have a tee shirt made with that located in the upper left.

[Iggy]

Sooo, people my REALLY love Hyperion then?

Not at all.
Frankly, were it possible, I'd like to see the moon fall on Ben.
However, this doesn't affect the fact that this legal proceeding is not significant.

AND, their are a few OS4 developers I actually like (even if they are using/developing the worse of the NG alternatives).