Why would L3 do that? The Chapter 11 process is designed to insure the buyer acquires the assets debt free/liability free. L3 has already proven to drive a hard bargain, from the court filings it is clear they were the ones who forced IMSC into the Chapter 11 process in the first place. They would not agree to the sale otherwise, presumably because then they might be subject to issues with Platinum down the line. Since Chapter 11 guarantees they acquire the assets free of debt/liabilities I don't see them being generous and suddenly agreeing to "purchase the debt" as it were, which is basically what they'd be doing. Any other possible bidder will be bidding on the assets the same way, knowing they too will get the assets debt free/liability free surrounding the debt so it just does not seem at all that would happen, there's no benefit to someone doing that now that it is in Chapter 11.
