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Post# of 749756
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chrisboker

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chrisboker

Re: cashgrinder post# 100606

Wednesday, 09/23/2009 2:55:09 PM

Wednesday, September 23, 2009 2:55:09 PM

Post# of 749756
I dont believe this money would go to creditors, how much debt could they really have? If they have any JPMC should be responible for it...there should be no debt if the company was sold I dont really understand that part. Either way, in standard chapter 11 cases for corporations, they would use their assets as liabilities...IE sell of every chair or DELL COMPUTER they own to cover debt...in this case...they can not.
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