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=================================================A tactic that I've heard some businesses use is to stall their bills long enough, then declare bankruptcy and not have to pay them. Is there any reason to think GSE intends to pay their bills? Ever?
Most chemical refinery equipment only lasts 10 years or so. You can't usually depreciate it longer than that anyway, so the tax deduction goes away after a decade too (same with resell value). How long as GSE been operating? Is 2007 around the time when they'd be hitting 10 or 11 years of operation? If so, I doubt we'll ever collect. Because the smart thing for them to do then would be declare bankruptcy. Legally, they won't even have much in the way of assets to seize.
Mary Baker East Side
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