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joseytheoutlawwales

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joseytheoutlawwales

Re: Citrati post# 660

Wednesday, 11/13/2019 8:47:24 AM

Wednesday, November 13, 2019 8:47:24 AM

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The more I read about chapter 11 bankruptcy specifically it seems more geared to keeping the company in existence, not in default, in order to provide time for full sale.

Certainly, if no sale occurs the company goes to the debtors.

And in the event of a full sale, common stock still intact I think. Somebody please correct me if I’m wrong here.
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