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lifegear

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lifegear

Re: investwise4858 post# 648

Thursday, 11/01/2007 6:38:41 PM

Thursday, November 01, 2007 6:38:41 PM

Post# of 1239
General Question: if a company has filed for chapter 11 but didn't include a foreign subsidiary under bankruptcy protection and eventually that foreign subsidiary was sold to another company, would the proceeds of that sale be used to pay legal claims in chapter 11 or be available for distribution to owners of capital stock?

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"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke



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