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| Apple Files Motion for Relief from Stay in Psystar Bankruptcy | iBot | UNIX and Linux RSS News | 0 | 06-10-2009 12:30 AM |
| Psystar Files for Bankruptcy, Ch. 11 | iBot | UNIX and Linux RSS News | 0 | 05-26-2009 02:00 PM |
| Apple Tells Court It Believes Someone Is Behind Psystar; Adds New Claims, Including | iBot | UNIX and Linux RSS News | 0 | 03-01-2009 04:05 PM |
| SCO gets bankruptcy court approval to sell its Unix business - Inquirer | iBot | UNIX and Linux RSS News | 0 | 10-29-2007 03:10 AM |
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Bankruptcy Court Rules Psystar Can't Use Checks or Deposit Slips
Psystar, as you know, has filed for Chapter 11 bankruptcy protection. Already, it's not going well.
One of the very first motions you see in a bankruptcy is the one that lets the company continue to use business forms, like checks, for example. Normally, it's a no-brainer, as you saw in the SCO bankruptcy, where the motion [PDF] was filed on September 14, 2007, at a September 17 hearing a second hearing was scheduled on that motion for October 5th, and the order [PDF] granted the motion that same day. Such motions are normally granted without debate. Psystar's motion was just denied [PDF]. It can't use its checks or bank deposit slips. I take that as a sign that Apple's recent motion to lift the stay will likely be granted shortly. Apple argued that there can be no reorganization of Psystar's business, until a court rules on whether that business is even legal. Apple, interestingly, used the SCO bankruptcy as precedent in its motion. More... |
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