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Saturday, January 19, 2019 5:08:09 AM
Hannover's counsel in this matter feels that what the attorneys for Origin are hoping for is that the appointment of a receiver in Texas will somehow create "unencumbered cash and receivables" to apply against the settlement agreement. Certainly, as clearly communicated to Origin, their counsel and the court, there are NO unencumbered assets or receivables for Hannover House / Medallion... and any attempt to circumvent prior security interests will hit a wall.
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