InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.41
(
0.46%
)
Bitcoin
62,875.01
(
-0.45%
)
Post# of 9399
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Renee

Send PM Follow Ignore
Followers 1511
Posts 35211
Boards Moderated 7
Alias Born 07/12/2004

Renee

Member Level

Re: Renee post# 9266

Thursday, 09/10/2009 11:09:10 PM

Thursday, September 10, 2009 11:09:10 PM

Post# of 9399
And THAT is why LandAmerica did not file Chapter 7 liquidation so that they had the option to cancel the equity under a Chapter 11 .

Under Chapter 7 the BK Judge would have been compelled to disburse ALL monies left over from all other prioritized benefactors to the shareholders . Under Chapter 11 shareholders can be excluded even when there is money left over .....greed factors of the ' entitled ' debt holders .

Months ago I did write about this concern as being highly unusual . Now I know why .

Very , very sneaky ...expletive nasty thoughts !

Renee

To bite the worm of incite is to bite the HOOK of the antagonist . They win .

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up