Bankrupt VK Mobile: down but not out

by Chris Ziegler posted Jul 11th 2006 at 12:23PM

Would-be Kickflip owners, Helio employees, rejoice: VK's back in the ring for another round. After a July 7 scare that had the Korean manufacturer facing liquidation, a bankruptcy court has ruled that they can conveniently forget their debts and obligations, freeing up cash for things like -- oh, you know -- manufacturing of phones. It'll apparently take the court a couple months yet to decide exactly if and how VK will be allowed to continue its turnaround, a decision that will be based largely on how the defunct company fares in the interim. If they agree to cut it out with the SLVR knockoffs, we're all for a complete recovery.

Filed under: Others, Helio, Misc

Tags: bankrupt, bankruptcy, court, helio, insolvency, insolvent, kickflip, receivership, recovery, vk, vk mobile, VkMobile

Subscribe to these comments

Reader Comments (Page 1 of 1)

Neutral

blah @ Jul 11th 2006 6:37PM

I don't think Helio's going to take another chance on these guys...

Add your comments

Your comments:

Remember me

E-Mail me when someone replies to this comment

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.