Thanks Fokkerinyour12 for that explanation.
I wouldnt think that they traded whilst insolvent though somewhere it was quoted that they had debts of 50 odd million to eliminate.
However I would guess that most of these companies would have borrowed a lot to set themselves up so I guess when the next round of refinancing occurs then there may be a crunch depending on the overall financial situation.
My speculation is that anyone providing goods and services to BAL should really keep this all in mind.