Another story -- bankruptcy for the processor (JetPay) of credit card purchasers of Direct Air ticket sales will be in their future. They are saying they have insurance to cover ctatrophic events like this but when they sure dont have $20,000,000 dollars worth of insurance
DirectAir will convert to Chapter 7 (liquidation) from Chapter 11 any day.
Bill wrote: "DirectAir will convert to Chapter 7 (liquidation) from Chapter 11 any day."
ReplyDeleteYou posted this March 27. Today (15 days later) the judge ordered the conversion to Chapter 7.
Looks like one of your better predictions.