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Re: FFFacts post# 743531

Wednesday, 01/04/2023 9:35:52 AM

Wednesday, January 04, 2023 9:35:52 AM

Post# of 867283


A bankruptcy filing. Treasury owns the entire liquidation preference and they dictate.



It's bankruptcy, not liquidation. The charters, with companies attached, will continue to exist. Would there be newcos that inherit the charters or would it be the same corporate entities that hold them now?

Not necessarily. I have seen instances in which common and preferred split 50/50 post bankruptcy any value gifted by the debt holders/ senior interests.



Do you have links handy?

Got legal theories no plaintiff has tried? File your own lawsuit or shut up.

Posting about other posters is the last refuge of the incompetent.

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