Isleworth Healthcare Acqusition Corp (fka ISLE)

[Mikefbi]

Immune Pharmaceuticals and its Subsidiaries Chapter 7

Last in line are the company’s stockholders. They take the greatest amount of risk in the success or failure of a company. Thus, their recovery is limited by the preferential claims of secured and unsecured creditors. Stockholders cannot recover any assets if the secured and unsecured creditors’ claims are not fully repaid.

Unlike an individual debtor, a non-individual debtor does not achieve a discharge of its debts following liquidation; discharge of liability is only available to individual debtors (see 11 U.S. Code § 727).

After the trustee a final report and the trustee is discharged from his position by the judge immune pharmaceuticals will be a shell company with no officers or directors just liabilities.

Shares of Immune Pharmaceuticals WORTHLESS

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