No difference at all. The problem is cash flow, the idea is to reorganize
your debt, promising future, rather than cashing present assets to
creditors. that's what Chapter 11 is about.

wrote in message
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On Sat, 20 Nov 2004 08:56:23 -0500, "George" george@least wrote:

Chris, would you sell your house at a distressed price if you couldn't
make
your car payments this month, or would you seek relief from the
lienholder?

A lot of people do. However this is a completely different situation
both legally and practically.

SNIP of what doesn't bear at all on the situation.