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ramad

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ramad

Re: Ace2727 post# 5941

Friday, 04/28/2017 12:07:08 PM

Friday, April 28, 2017 12:07:08 PM

Post# of 6386
Ace2727, I agree it will be settled in court. The bankruptcy court will honor the secured noteholder as per agreement. The court will not revoke a secured note by an investor.It will be expedited at a reasonable time to protect the investors after filing and a receiver is appointed.

In the case of PP the court may decide that until PP court actions against them are settled they might have PP share of the note be held in escrow or in control of the receiver that is liquidating their assets.

It also depends what chapter echo's files for Bankruptcy.
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