'It’s a different scenario in Buffalo were it appears there will be a cleansing bankruptcy. In that situation all parties, including creditors, agree to a restructuring of the debt load. Under that arrangement, prospective owner Mark Hamister would take control of the team with the blessings of the NHL and the team’s major creditors.'
Senators file bankruptcy, Sabres next
January 9, 2003 Submitted by
Via: Fox Sports