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Re: toogoodfella post# 50949

Tuesday, 10/21/2014 5:24:53 PM

Tuesday, October 21, 2014 5:24:53 PM

Post# of 116226
Thanks brother toogoodfella!
Help me with this if you can...
1. You have a liquidating trust
2. You have former equity holders in the liquidating trust
3. The liquidating trust can not be an ongoing concern or it loses its IRS status.
4. LBHI can separately exit BK and merge with another company or simply stay in business and start over debt free.
5. How does former equity (now in the trust) get out of the liquidating trust and become part of new LBHI?

Cheers!
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