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tutt1126

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tutt1126

Re: None

Friday, 07/31/2020 6:34:05 PM

Friday, July 31, 2020 6:34:05 PM

Post# of 9365
Chapter 11 has such a complexity and each chapter 11 is/are not the same.

Question that you might ask is :
What kind of chapter 11 is windstream filing ?
Is it chapter 11 DEBTOR IN POSSESSION (DIP)?

here is a quote for bk 11 DIP.
The Chapter 11 Debtor in Possession

Chapter 11 is typically used to reorganize a business, which may be a corporation, sole proprietorship, or partnership. A corporation exists separate and apart from its owners, the stockholders. The chapter 11 bankruptcy case of a corporation (corporation as debtor) does not put the personal assets of the stockholders at risk other than the value of their investment in the company's stock."

https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

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