Kentucky Energy (fka QMIN)

[mbsfool]

in a chapt 7 all assets are liquidated and distributed in order of priority claims,if they were converted to a 7 gwenco has 5-6 mil in assets, not enough to cover its claims due interstellar, and for sure no money left for everyone else so if you were a creditor why would you push for a conversion to 7, take a claim in a 13 and you at least have a chance to get paid in a 7 you will get nothing. interstellar now holds 17 mil in royalty claims.