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surfer44

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Re: RealDutch post# 3026

Wednesday, 12/16/2015 11:51:37 AM

Wednesday, December 16, 2015 11:51:37 AM

Post# of 4713
Chapter 11 is a reorganization not a liquidation. So this is where the priorities come in i.e secured creditors, unsecured creditors, bond holders, preferred stock, common.

With Ashmore they are holding most of the debt so it shouldn't be a problem. They won't lose. Debt holders sometimes turn into equity holders.







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