Enron Files Its Chapter 11 Plan

[Khephra]

Enron Files Its Chapter 11 Plan

Fri July 11, 2003 08:44 AM ET

HOUSTON (Reuters) - Enron Corp. on Friday filed its plan to emerge from Chapter 11 bankruptcy by packaging its international and pipeline assets as separate companies.

U.S. Bankruptcy Judge Arthur Gonzalez in New York must approve the plan, which includes several previously announced components such as the spin-offs of its pipeline and international assets.

more........

http://reuters.com/newsArticle.jhtml?type=topNews&storyID=3074622

[I AM SPARTACUS]

1. plan...or perhaps, a Roadmap???

[htuttle]

2. Enron creditors 'to lose four fifths'

Related story from the Beeb
http://news.bbc.co.uk/2/hi/business/3058605.stm

Enron creditors 'to lose four fifths'
Most creditors of bankrupt US energy trader Enron will receive less than a fifth of what they are owed, under a reorganisation plan filed with the US bankruptcy court on Friday.

The Houston-based company said most creditors would receive 14.4 cents to 18.3 cents for every dollar they are owed.

(snip)

So far, the investigation into Enron's accounting tricks has not yielded a single conviction.

Former chief financial officer Andrew Fastow has been indicted on 78 charges of money laundering, fraud, conspiracy and obstruction of justice.

But neither former chief executive Jeffrey Skilling nor ex-chairman Kenneth Lay, Mr Fastow's immediate superiors, has yet been charged.

(much more)

[leesa]

3. Does it detail how they will repay the money they stole from California?

[tinanator]

4. wheres the money?

They sent it to Swiss banks when by law their assets should have been frozen. Which party held the door for them? Ask Katherine Austin Fitts what happened. They started the California scam as soon as Georgie boy was locked in, and ended it the minute Jeffords jumped. Dont pretend for a minute they went broke. Money, like water, doesnt compress (much) and they didnt have cash outlays, since they never really did anything. Dont buy the lies, it isnt a real bankruptcy, just a real bank job. Pay close attention to their banking cohorts. Would that be Citibank?

[DeathvadeR]

5. Roger that.....

just Like energy, money only transfers. It is converted. So who's pockets are buldging??????

Whats sad is that just like Worldcom, The share holders(damn near everyone with a 401k) get burned, they pay a small slap on the wrist to mostley lawyers and bankers then come out of it in better shape then they were before.

say it loud now WHAAAAAAAAA?

[ElsewheresDaughter]

6. what is the names of the 2 companies that Enron will emerge as???

heard this morn that Enron is emerging under 2 different names....i would like to know them...anyone?

[htuttle]

7. It's in the BBC article

From the article:

CrossCountry Energy Corporation will take over Enron's domestic business, mainly its stake in three North American natural gas pipelines.

Enron's international business, comprising 19 power and pipeline holdings, will be run by a company provisionally called InternationalCo.

[tinanator]

8. Gotcha.com and Suckers Inc.

If im not mistaken. And then theres Enron overseas, which has never been touched. Its important to disregard the cover story and raise your voice in outrage over the actual facts. Bush is Enron.