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  MandrakeSoft mulls Chapter 11 style escape, says email
Time: 13:16 EST/18:16 GMT | News Source: The Register | Posted By: Todd Richardson

Thanks, Bob
MandrakeSoft is looking at a Chapter 11-style bankruptcy, to solve its financial difficulties, according to a leaked email from one of its executives. The executive has declined to be interviewed by The Register. New MandrakeSoft CEO Francois Bancilhon says the liabilities total about 2 million, but that he's weighing all possible choices for resolving the problems. The leaked email, however, paints a different picture. It describes specific plans to go with either Chapter 11 or its French equivalent.

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