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Re: Breaking News: DesignLine filed Chapter 11 BANKRUPTCY; NJ Transit i$ largest creditor

Posted by RailBus63 on Fri Aug 16 14:39:02 2013, in response to Breaking News: DesignLine filed Chapter 11 BANKRUPTCY; NJ Transit i$ largest creditor, posted by Gold_12th on Fri Aug 16 14:21:55 2013.

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Chapter 11 bankruptcy means they will try to continue operating while restructuring and paying off creditors. With NJT being the biggest of the creditors, though, it will be interesting to see how they can make them happy without losing the contract.

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