C&W Peering

Tue Jun 5 14:50:54 UTC 2001

Any post filing expenses incurred (i.e. new contracts or payments due
current service providers for services provided after filing) must be
approved by the court and then they are given the highest priority for
payment, even above secured interests in the bankrupt entity.

-vb

----- Original Message -----
From: "Leo Bicknell" <bicknell at ufp.org>
To: <nanog at merit.edu>
Sent: Monday, June 04, 2001 8:51 PM
Subject: Re: C&W Peering

>
> On Mon, Jun 04, 2001 at 07:55:14PM -0400, Christopher A. Woodfield wrote:
> > I think PSI is going to have to get itself some transit, and quickly.
>
> I know almost nothing about bankruptcy, so I would love for someone
> who does to comment.  Put simply, if a company can't pay its
> creditors and suppliers do they have any chance of entering into
> a new purchase agreement?  I know that I personally wouldn't offer
> them Net-30 payment terms right now.
>
> --
> Leo Bicknell - bicknell at ufp.org
> Systems Engineer - Internetworking Engineer - CCIE 3440
> Read TMBG List - tmbg-list-request at tmbg.org, www.tmbg.org
>