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Re: shanon1 post# 1481

Sunday, 02/05/2017 3:19:08 PM

Sunday, February 05, 2017 3:19:08 PM

Post# of 1843
If the unsecured debt had the assets as collateral - it would be secured debt.

Common shareholders are last in line to be paid.

1. Government/IRS
2. Secured creditors
3. Unsecured creditors
4. Preferred shareholders
5. Common shareholders

Generally common shareholders don't do very well in bankruptcy.

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