Sorry dude, just makes me react to see people not only accepting and repeating Ben's assertions, but actually embellishing and rephrasing it as the de facto state of affairs when this is in opposition to the legal reality.
Again, apologies for the strong language. 
no problem. i didn't believe ben, either, by the way. that's why i asked. my understanding was that basically the trustee at this point can plan to do whatever they please with the assets, but if other creditors file against planned actions or the directors themselves demonstrate solvency, then things change. plus the directors can appeal directly to the court to overturn the decree prior to the issuance of the final report. but they had better hurry because the trustee can start running things if they really wanted to.
gotta say the 'dog ate my homework thing' from ben sounded absurd, but it's possible. unlikely and demonstrative of a terrible third-party administrative agent, but possible. anyway -- i'm curious to see how things end up. depending on who the 'creditors' are, hey, a bankruptcy might be a force for good, as evert has stated over on AWN. we'll see.
-- eliyahu
