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Re: Penman1 post# 31819

Friday, 08/24/2018 8:39:26 PM

Friday, August 24, 2018 8:39:26 PM

Post# of 145922
Wrong, it is exactly as stated in the PWC letter to the court. And that is how a Chapter 7 liquidation works. Which is why in a Chapter 7, there is no discharge of creditors - because the corporation will no longer operate nor exist.

This is NOTT a Chapter 11.
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