Comments on: New Century files for Chapter 11. http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/ How I Learned to Love Southern California and Forget the Housing Bubble Sun, 12 Oct 2008 19:50:22 +0000 http://wordpress.org/?v=2.2.2 By: Dr Housing Bubble http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-500 Dr Housing Bubble Mon, 02 Apr 2007 20:41:00 +0000 http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-500 Look at Chapter 11 as a reorganization of the business while Chapter 7 is a going out of business sale. <br/><br/>Considering that they have proposed to cut their workforce in half, I would say they are off to a good start. I mean what is the purpose of account executives if your funding source is now cut off?<br/><br/>They will be bought off by others for pennies on the dollar. They're showing Joe Public how to pick up foreclosures by being a live example. Look at Chapter 11 as a reorganization of the business while Chapter 7 is a going out of business sale.

Considering that they have proposed to cut their workforce in half, I would say they are off to a good start. I mean what is the purpose of account executives if your funding source is now cut off?

They will be bought off by others for pennies on the dollar. They’re showing Joe Public how to pick up foreclosures by being a live example.

]]> By: sed http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-499 sed Mon, 02 Apr 2007 20:30:00 +0000 http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-499 I think that's right, most "big" companies that want to come back, like some of the airlines, take Chapter 11. Theoretically, this is not the end of New Century, but can you imagine them really coming back? What did they ever do except loan out junk. I think that’s right, most “big” companies that want to come back, like some of the airlines, take Chapter 11. Theoretically, this is not the end of New Century, but can you imagine them really coming back? What did they ever do except loan out junk.

]]> By: Anonymous http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-498 Anonymous Mon, 02 Apr 2007 19:54:00 +0000 http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-498 Help me out here.<br/>Chapter 11 means they can still run just with no credit and have to sell off huge portions of the company. <br/><br/>Chapter 7 means they board up the doors and sell the whole thing lock stock and barrel.<br/><br/>Is this correct? If so then NEW CENTURY might come back maybe in the next Century. Help me out here.
Chapter 11 means they can still run just with no credit and have to sell off huge portions of the company.

Chapter 7 means they board up the doors and sell the whole thing lock stock and barrel.

Is this correct? If so then NEW CENTURY might come back maybe in the next Century.

]]> By: sed http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-493 sed Mon, 02 Apr 2007 17:13:00 +0000 http://www.doctorhousingbubble.com/new-century-files-for-chapter-11/#comment-493 The circle of pain is widening. Lots of bad news tickers today on housing, but spreading to autos and manufacturing. It's really scary since stuff is just beginning to hit the fan.<br/><br/>So what's it gonna be at the Fed? Raise rates to continue the inflation fight and risk causing a deflationary depression or lower rates to create hyperinflation and reduce the value of our saved dollars? <br/><br/>No problem, "we anticipate a slower but positive stock growth this year" say them all on TV. The circle of pain is widening. Lots of bad news tickers today on housing, but spreading to autos and manufacturing. It’s really scary since stuff is just beginning to hit the fan.

So what’s it gonna be at the Fed? Raise rates to continue the inflation fight and risk causing a deflationary depression or lower rates to create hyperinflation and reduce the value of our saved dollars?

No problem, “we anticipate a slower but positive stock growth this year” say them all on TV.

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