GE Capital might be able to declare certain defaults. Delta believes that maintaining the GECC agreements would be of substantial assistance in managing its business. |
The employees provide essential technological support to Delta's operations, and their technical experience and skills are in great demand. In the last several months, Delta Technology has experienced unprecedented attrition rates that, if not addressed, will continue to adversely affect the debtors' ongoing operations. |
The professional fees helped Delta borrow the money that it needs to turn the company around, because without financing you're out of business. |
We're not aware of any other situation in which such a panel has been convened to sit as the bankruptcy court. |