Originally Posted by
helihub
@Torquetalk >> absolutely - and US Chapter 11 is similar to UK "Administration" where there is the expectation of coming out the other side "leaner and meaner" than before. In practice there is usually brief halt to get the paperwork done to establish (eg) who is now the signatory authority on contracts etc. I've seen a 50-year-old family business be forced into that UK system at close hand. In official legal wording, "bankruptcy" in the UK can only be linked to persons, not companies.
Now you say it that makes sense, haven't heard the term bankrupcy in connection with a company.
Hope it works out and that a viable business emerges. I think that neck of the woods is replete with operators fallling over themselves to get in on the wind park action and please the customer. Even if that means business models that are not sustainable. Some Norwegian legislation would not got amiss.