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08-17-2012, 03:37 PM
  #6
HansH
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Quote:
Originally Posted by BK Triple Threat View Post
Heres what he filed:

http://www.weny.com/usr/EDA.petition.pdf

Chapter 11.
So, Afr didn't file bankruptcy. The corporate entity he controls did. Corporations frequently emerge from Chapter 11 bankruptcy with a leaner debtsheet and a better structure going forward (see K-mart, who went bankrupt, and when they emerged, were strong enough to purchase rival Sears). Even the Ottawa Senators went bankrupt, and didn't miss a single game of play.

I still maintain that you've WAY jumped the gun on your "could be no hockey this year". Almost anything COULD happen, but with the glacial pace that most corporate bankruptcies play out, I highly doubt anything will be settled by the beginning of the season, and if things do go south during the season, the ECHL has shown in the past a willingness to take over a franchise to finish the season (see ECHL Louisiana).

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