Originally Posted by
homer985
If they have to do it, my guess is that they would need to file it tomorrow before the Federal Courts close at the end of the day... because chapter 11 is "protection" using the court to protect you from your creditors.
The debt matures on Sunday, so the principle needs to be repaid on the first business day afterwords, which would be Tuesday. So they would need the protection of the Court before it is due on Tuesday.
Of course I could be wrong, they may be able to file it on Tuesday morning -- and get relief from the Court that day, but I'm not sure about that.
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