# Patriot Glass, Aka redline Aka Howard tanner..Bankruptcy?!?!?

**URL:** <https://forums.speedlife.net/t/patriot-glass-aka-redline-aka-howard-tanner-bankruptcy/259702>\
**Category:** Shift518 Off Topic\
**Created:** [July 30, 2011, 10:28am UTC](https://forums.speedlife.net/t/patriot-glass-aka-redline-aka-howard-tanner-bankruptcy/259702 "2011-07-30T10:28:20Z")\
**Posts on this page:** 1\
**Showing post:** 121

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**Author:** ![slwrthnu](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/slwrthnu/32/6296_2.png) [@slwrthnu](https://forums.speedlife.net/u/slwrthnu)\
**Post date:** [August 6, 2011, 11:10pm UTC](https://forums.speedlife.net/t/patriot-glass-aka-redline-aka-howard-tanner-bankruptcy/259702/121 "2011-08-06T23:10:24Z")

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> [@sidekick 3/ lx vs i fone](https://forums.speedlife.net/t/sidekick-3-lx-vs-i-fone/44288/5):
>
> According to the paper it’s more of a reorganization.

that is what chapter 11 bankruptcy means…it doesn’t mean he’s going out of business.

> [@best hockey fight ever](https://forums.speedlife.net/t/best-hockey-fight-ever/44314/7):
>
> one thing that really stands out to me is…
> 
> “First Niagara Bank is the only creditor with secured debt in the case, meaning there is a chance the bank will recover some or all of what it has lent to Patriot. **The bank has a “blanket lien” and a vehicle loan totaling $518,000.** ”

just so people don’t read this wrong, this does not mean that the vehicle loan totals $518,000. the word and means both loans, but your color portion reads like a fancy media headline skewing the facts to get more attention.

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