Comment The good news is... (Score 1) 421
that Novell is not on the list of creditors.
Yep, that's right - that is the good news. Why, you ask? (Even if you didn't ask, play along, or this post is fairly pointless.)
You see, the judgment that SCO needed to forward payments to Novell related to the MS and Sun deals has already been put on the books. Barring appeal, it means that the monies due Novell do not belong to SCO, and are not any part of the assets to be distributed by a bankruptcy. After all, if a thief goes bankrupt, it doesn't mean that your stolen property is not still your property. The thief can't legally sell it to raise funds for the bankruptcy. Neither can SCO use the funds owed Novell, since those funds do not belong to SCO.
Personally, I think that's pretty good news - the bankruptcy does not change SCO's loss in summary judgements to a rained-out game.