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Re: Value_Investor post# 1288

Friday, 05/30/2014 12:37:57 PM

Friday, May 30, 2014 12:37:57 PM

Post# of 1382
I was wrong...they did file Chap 11 in March. They have decided not to sell but to go the route of dissolution.

Law360, New York (May 27, 2014, 6:20 PM ET) -- Bankrupt casino check-cashing company Money Centers of America Inc. is headed toward liquidation after its court-appointed trustee concluded that a sale would not be doable, according to court papers filed Friday.

Trustee Michael St. Patrick Baxter said in a court filing that MCA is “in significant arrears under many of their financial services agreements with gaming operators,” making a transfer of those agreements to a potential buyer “difficult, if not impossible.”

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