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Contingency Plan



 
 
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  #1  
Old February 18th 04, 04:03 PM
RSHaas
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Default Contingency Plan

If Chess HQ folds, as Bruce Draney fears, it might be wise for the EB to
have in place now a plan to determine who will administer the ratings database.
Whatever entity gains authority over that database will be in the strongest
position to build a new federation around it.
Lacking a formal plan of action, my guess would be that the ratings would
end up in the hands of Bill Goichberg, who in my opinion would be the most
competent caretaker until the smoke cleared.

RSHaas
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  #2  
Old February 18th 04, 07:58 PM
Jane Addams
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Default Contingency Plan

Ah yes, reward the fox for eating the hens.

Good idea.

Jane
http://users.lvcm.com/jadams

"RSHaas" wrote in message
...
If Chess HQ folds, as Bruce Draney fears, it might be wise for the EB

to
have in place now a plan to determine who will administer the ratings

database.
Whatever entity gains authority over that database will be in the

strongest
position to build a new federation around it.
Lacking a formal plan of action, my guess would be that the ratings

would
end up in the hands of Bill Goichberg, who in my opinion would be the most
competent caretaker until the smoke cleared.

RSHaas



  #3  
Old February 18th 04, 08:49 PM
LeModernCaveman
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Default Contingency Plan


If Chess HQ folds, as Bruce Draney fears, it might be wise for the EB to
have in place now a plan to determine who will administer the ratings
database.


I'd be willing to do that.


Whatever entity gains authority over that database will be in the strongest
position to build a new federation around it.
Lacking a formal plan of action, my guess would be that the ratings would
end up in the hands of Bill Goichberg, who in my opinion would be the most
competent caretaker until the smoke cleared.


I'd be happy to create a new rating database.


  #7  
Old February 19th 04, 12:34 AM
Charles Allen
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Default Contingency Plan

If Chess HQ folds, as Bruce Draney fears, it might be wise for the
EB to have in place now a plan to determine who will administer
the ratings database.


Does the USCF have creditors these days? If the ratings database is
considered an asset, then the USCF might not have much of a say about
what happens to it in case of bankruptcy. It would be sold by the
bankruptcy court. Would the Life Members qualify as creditors?

--
Charles Allen
  #8  
Old February 19th 04, 01:23 AM
Mike Nolan
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Default Contingency Plan

Charles Allen writes:

Does the USCF have creditors these days? If the ratings database is
considered an asset, then the USCF might not have much of a say about
what happens to it in case of bankruptcy. It would be sold by the
bankruptcy court. Would the Life Members qualify as creditors?


At best they would be at the end of the line of unsecured creditors
along with dues-paying members, who would still be owed services for
the balances of their memberships as well.

If the USCF is forced into bankruptcy by secured creditors, the odds
of there being much left for unsecured creditors is pretty mimimal.

I'm not sure how voluntary reorganization works for not-for-profit
organizations, but I suspect that in such a reorganization the members,
including life members, would get left out.
--
Mike Nolan
  #9  
Old February 19th 04, 01:24 AM
StanB
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Default Contingency Plan


"RSHaas" wrote in message
...

Lacking a formal plan of action, my guess would be that the ratings

would
end up in the hands of Bill Goichberg, who in my opinion would be the most
competent caretaker until the smoke cleared.


ROTFLMFAO. In December I played in one of Bill's tourneys. Yet to be rated.
In January I played in one of Immit's tourneys. Rated within two weeks.

StanB


  #10  
Old February 19th 04, 01:35 AM
RSHaas
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Default Contingency Plan

Might depend on whether it would be a Chapter 7 or 11 filing, liquidate or
reorg..

RSHaas
 




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