History for theprof

For the terminally panicky among you, who should have seen all this before: "Serepisos faces bankruptcy proceedings" means "Terry has worn out all the patience of one of his creditors, who is waving a big stick". It has absolutely nothing to do with whether Terry can't actually pay and will go bankrupt, which no-one - not even the person taking the case, if you read the article - really believes.

I could be completely wrong, of course, but people have cried BANKRUPT too many times and I don't believe them anymore.