Shmoo Posted March 13, 2009 Posted March 13, 2009 World's largest corperate failure to be announced next week acoording to leaked info from DLA (one of the biggest law firms in the world). See the first news item here: rollonfriday Any guesses who it will be? My guess in a bank or a car company. Quote
Guest DissipatedYouthIsValuable Posted March 13, 2009 Posted March 13, 2009 (edited) The makers of 'Chicken Tonight' sauces? 15:1 Edited March 13, 2009 by DissipatedYouthIsValuable Quote
IDN Posted March 13, 2009 Posted March 13, 2009 wot about AIG - thats got to be the biggest failiure - its only a matter of time Quote
skomer Posted March 13, 2009 Posted March 13, 2009 If it's a US company don't they just go into Chapter 11? Quote
Wonga Posted March 13, 2009 Posted March 13, 2009 wot about AIG - thats got to be the biggest failiure - its only a matter of time +1 Indeed. Quote
MarkyB Posted March 13, 2009 Posted March 13, 2009 the US part of the company can go into chapter 11... its not that much difference to administration in the UK... the company continues to trade as a going concern with protection from creditors, and a line drawn under the debts. Quote
Dave Spart Posted March 13, 2009 Posted March 13, 2009 GM sounds most likely, but lets not forget some of the other biggies in trouble : AIG who have reputedly lost $500bn and JP Morgan who allegedly are concerned about counter party risk to the tune of trillions relating to their derivative contracts, allegedly. Quote
WSG Posted March 13, 2009 Posted March 13, 2009 I just hope it's not bloody Greggs the Bakers I do like my steak slices Quote
MOP Posted March 13, 2009 Posted March 13, 2009 GM sounds most likely, but lets not forget some of the other biggies in trouble : AIG who have reputedly lost $500bn and JP Morgan who allegedly are concerned about counter party risk to the tune of trillions relating to their derivative contracts, allegedly. Those are the three that popped into my head. We had an ominous thread on here about JP Morgan just a few days ago. Quote
Joey Buttafueco Jr Posted March 13, 2009 Posted March 13, 2009 We had an halfwit thread on here about JP Morgan just a few days ago. Agreed Quote
MOP Posted March 13, 2009 Posted March 13, 2009 Just thinking laterally ---- could it be Victor Kayam? Victor Kiam? He died 8 years ago. Quote
Dave Spart Posted March 13, 2009 Posted March 13, 2009 Those are the three that popped into my head. We had an ominous thread on here about JP Morgan just a few days ago. Yeah, that one stood out in my mind that did - the elephant in the room. Quote
kingsgate Posted March 13, 2009 Posted March 13, 2009 GM is my bet, they've been teetering for the last few weeks..... Quote
Errol Posted March 13, 2009 Posted March 13, 2009 GM is my bet, they've been teetering for the last few weeks..... Weeks??? More like years. Quote
Scunnered Posted March 13, 2009 Posted March 13, 2009 (edited) UK PLC. Edited March 13, 2009 by Scunnered Quote
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