« An inside view of Chrysler (and GM) | Main | Debt Collectors Are Not Always "Debt Collectors" »

Hey Ernie, Let's Play 11!

posted by Adam Levitin

The Cubs filed for Chapter 11.  Yes, I recognize that this has nothing whatsoever to do with the quality of their play, which has itself frequently been bankrupt.  But the Southsider in me is enjoying a moment of Schadenfreude despite the Sox's subpar year.  Maybe the Cub's plan will provide for a World Series title.  Do I hear feasibility objections?     

I figure that the Cubs reached a deal with the Player's Union that they would not reject any executory player contracts in bankruptcy, but there are certainly some contracts that should be rejected on an economic basis in terms of underperforming players, such as  Fukudome or Zambrano... 

[Comments are closed.]

October 12, 2009 at 10:50 PM in Corporate Bankruptcy

Comments

The comments to this entry are closed.

Contributors

Current Guests

Like Us on Facebook

  • Like Us on Facebook

    By "Liking" us on Facebook, you will receive excerpts of our posts in your Facebook news feed. (If you change your mind, you can undo it later.) Note that this is different than "Liking" our Facebook page, although a "Like" in either place will get you Credit Slips post on your Facebook news feed.

Categories

Archives

Bankr-L

  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless ([email protected]) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

OTHER STUFF