Interesting bit of trivia. The average bankruptcy in America takes 6 years to complete. Trust me, its a long time.

http://68caliber.com/?p=8397

Will this mean GI Milsim will get all the old sp bodies to make their .50 stuff? Is there a list some place as to who SP owes money to?

The list will be published soon. The key to all the information with be the bankruptcy trustee. He will oversee every detail of it.

chapter 7 is complete liquidation right?

Heard some *RUMORS* that Kee is setting themselves up for some good ol' SP patents for a rainy day.

Could get interesting.

i thought kee would probably just swallow it whole...but i guess they just want the tastiest.

Chapter 7 is liquidation. The bankruptcy court seizes all assets and sells them off. I've heard rumors of an auction taking place this week. If you are interested you can dig around and find all of the details on the internet. Bankruptcies are very public processes. Things like Dynasty Paintball Club being owed $93,000 , client list, $21,000 phone bills, and the Bank of New York getting stiffed for $ 1,709,000 are all just a few clicks away.

The lawyers get paid first. Then come the bankers. Everybody else gets to cool their jets for a few years.

Holy crap! What the hades were they doing?!?

Sounds like they need to go to work for someone else, cause running a business they dont sound to good at.

What? No Obama cash for SP? Too bad.

No.......but I did get a piece of mail from the Department of Commerce (Federal Trade Commission or somebody, can't remember because I threw it away) requesting I fill out a multi-page questionnaire because Smart Parts had filed for some government grant to help offset the cost of competing against cheap foreign imports. Now why you need protection from foreign imports when you have the protection of the United States Patent Office is beyond me. But I'm just a dumb South Carolina redneck.