Baldwin Laying Off Workers

[VOCE88@AOL.COM]

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In a message dated 6/6/01 9:40:55 PM Eastern Daylight Time, 
kswafford@earthlink.net writes:


> By coincidence, the following is from this morning's (6-6) Kansas City Star,
> in an article concerning the recent Chapter 11 filing of a Kansas City
> business, Payless Cashways:
> 
> "The odds are sky high against Payless or any other Chapter 11 company being
> successful.
> 
> According to the American Bankruptcy Institute, 85 percent to 87 percent of
> companies that go into Chapter 11 do not succeed in reorganizing.
> 
> The landscape is littered with failed retail Chapter 11s, including Venture
> Stores Inc., Montgomery Ward & Co., Carter Hawley Hale and Service
> Merchandise, to name a few."
> 
> 
> 

That is true, but Baldwin is an example of one who HAS gone through Chapter 
11 successfully. They did it already in 1984.

Good Luck to them,


Richard Galassini
Cunningham Piano Co. & Factory
Philadelphia, Pa.
1 (800) 394-1117
 <A HREF="http://hometown.aol.com/voce88/cunn.html">http://hometown.aol.com/voce88/cunn.html</A> 

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