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Re: Candy B post# 64307

Monday, 05/17/2010 4:54:47 PM

Monday, May 17, 2010 4:54:47 PM

Post# of 83059
Even if they do not pull a rabbit out of the hat and get the first trust deed to back off a good BK lawyer may be able to save the day.

The first trust deed was originally written for how much? Under four million right? The rest is all penalties, fees and accumulated interest. It will not be easy - but for the lenders to get not only the property WUCC used for collateral but also the "improvements" of up to "$70 Million" (I number used by posters here for the value of the Mill) might just constitute enough "undo enrichment" to get a judge to give CPRK more time.

That is IF they are showing progress AND if MS, MD and the rest of the flakes can present a workable plan and the professionalism to pull it off.

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