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8th Dec 2007, 09:44

#113 (permalink)

KeyPilot

Join Date: Sep 2007

Location: UK

Posts: 211

Likes: 10

Received 21 Likes on 9 Posts

If MAXjet are incorporated in the UK (which I guess they are if they're quoted on AIM) then there's no Chapter 11 - unlike the USA, the UK does not provide legal protection for failed companies. Insolvency means going into administration.

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