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Re: HymanMinsky post# 64425

Saturday, 03/09/2019 11:50:39 AM

Saturday, March 09, 2019 11:50:39 AM

Post# of 153977
"For allowed claims, the Bankruptcy Code establishes a hierarchy for payments that takes account of contract rights, state law, and bankruptcy principles. Those at the front of the line – secured and priority creditors – have a decent chance of at least partial recovery. Those at the very end -- equity holders -- rarely receive anything."

https://www.arnoldporter.com/en/perspectives/publications/2016/05/bankruptcy-101-for-investors-pcs-article-1

The Monitor stated the Equity Interest doesn't have any value - plus the secured and unsecured creditors are impaired so the common shares will be cancelled.

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