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bar1080

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bar1080

Re: LouisDesyjr post# 5311

Sunday, 02/15/2015 1:35:16 AM

Sunday, February 15, 2015 1:35:16 AM

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Your numbers confirm that shareholders won't be close to getting anything. BTW, add about $10 mill for fees and costs connected with the BK. I'm involved with a private ch 7 BK involving 200 similar sized stores and that's costing about $2 mill. There's not even enough money left to fully pay the lawyers in that case!

"That would make the recovery for unsecured [creditors] $363/$870 or 41%."

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