dipping dots files for bankruptcy

I'm surprised that they made this long.

According to one article I've read, they plan to remain in operation...however, their debt load appears so onerous, it's questionable how long they can keep their doors open.

I'm a little confused. So, they can file for bankruptcy, not pay back the 10 million to the fortune 500 company that backed them and stay in business. Does this mean, I can not pay back the $7000 loan I have outstanding when I opened Highlander Point and still stay in business? Does't seem fair to me. It should be either they are bankrupt and cease trading or they're not.

I'm a little confused. So, they can file for bankruptcy, not pay back the 10 million to the fortune 500 company that backed them and stay in business.

Actually in a bankruptcy like this the debt is not forgiven, it is just restructured. Either the terms of the loans are changed or the banks are given a percentage of the ownership of the company. Very seldom is any of the debt actually forgiven if the company continues operation.

That makes more sense! I am just fed up of huge corporations being bailed out, think bank, car companies, and the littel person just has to struggle on regardless.

I'm a little confused. So, they can file for bankruptcy, not pay back the 10 million to the fortune 500 company that backed them and stay in business.

Actually in a bankruptcy like this the debt is not forgiven, it is just restructured. Either the terms of the loans are changed or the banks are given a percentage of the ownership of the company. Very seldom is any of the debt actually forgiven if the company continues operation.

That makes more sense! I am just fed up of huge corporations being bailed out, think bank, car companies, and the littel person just has to struggle on regardless

Not to be technical - or bring this to a political discussion/rant/argument/whatever, but even in the "bailout" the banks, car companies, et al, did not "get" money, but rather got relatively low interest loans which by now have been around 90% repaid with interest. As with each US "bailout" (I think this one was around the fifth, dating back to the railroads after the Civil War) the various bailouts have been among the biggest money-makers in history for the government. For some companies, in addition to the loans the government got ownership of the company (see GM, Chrysler) for providing the money.

The only things not repaid were the one bankruptcy of the high-tech power company(which was not technically a "bailout", but rather an investment in alternative energy, albeit a bad investment), and the government's continuing stake in GM and Chrysler (for which around 50% of the government stock has been sold at a profit, and the last portion is due to be sold in the next 4-6 months).