trucker999
TB Lurker
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NP Driver1
Still New Penn Proud! Join Date: Apr 2007
Location: West Springfield MA
Posts: 144
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Now that we know multiple definitions of the word "bankrupt" can you tell us in 100 words or less where you are going with your point? If YRCW enters bankruptcy, it will emerge with some of it's entities intact and operating. My point (backed up with the link) was that closure of New Penn by YRCW invokes a pension withdrawal liability that will be charged to YRCW. Also affected are the three terminals sold to Pyle. A bankruptcy court can void the sales due to YRCW attempting to transfer assets that would be used to pay pension withdrawal liability. Are you following this? If not then hang on for newpenn107 to get here when his shift is up!
Still New Penn Proud! Join Date: Apr 2007
Location: West Springfield MA
Posts: 144
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Now that we know multiple definitions of the word "bankrupt" can you tell us in 100 words or less where you are going with your point? If YRCW enters bankruptcy, it will emerge with some of it's entities intact and operating. My point (backed up with the link) was that closure of New Penn by YRCW invokes a pension withdrawal liability that will be charged to YRCW. Also affected are the three terminals sold to Pyle. A bankruptcy court can void the sales due to YRCW attempting to transfer assets that would be used to pay pension withdrawal liability. Are you following this? If not then hang on for newpenn107 to get here when his shift is up!