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Re: ErnieBilco post# 769

Wednesday, 05/28/2014 3:08:49 PM

Wednesday, May 28, 2014 3:08:49 PM

Post# of 804
I've heard (and seen) that this particular bankruptcy judge, Shannon, is extremely fair and equitable. He also has the US Trustee on his back. I think they turn down the plan in its current form and force some sort of settlement - my best guess that it is a stake of ownership in the newly organized company, because that's easier to give away than cash.

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