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56Chevy

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56Chevy

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Re: $$ITS ONLY MONEY$$ post# 4387

Wednesday, 04/17/2019 3:10:31 PM

Wednesday, April 17, 2019 3:10:31 PM

Post# of 4540

"...Im not hopeful that they go through and leave the commons alone or are required to by BK judge."

The judge isn't the one that crafts the Plan of Reorganization (POR). The judges' #1 job is to see to it creditor(s) rights are upheld. Period! Equity holders interests are at the bottom of his concerns.

Treatment for all classes of securities will be spelled out in the POR. The DIP currently has exclusivity to come up with a POR.


Without a moral framework, there is nothing left but immediate self-indulgence by some and the path of least resistance by others. Neither can sustain a free society. ~ Thomas Sowell

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