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Re: loanranger post# 325286

Saturday, 07/10/2010 8:26:44 AM

Saturday, July 10, 2010 8:26:44 AM

Post# of 346917
No I am not saying it is a load of BS and neither am I a lawyer. But as I have observed, there seems to be a lot of flexibility on how the lawyers, courts, etc approach a case. Important thing is that the petition has been filed and now it needs to be scrutinized......for example, I doubt if BK Court rule allow Involuntary BK proceedings against a subsidiary and a voluntary BK proceedings against the Parent plus Subsidiary. There seems to be a conflict. As far as attorney representation, I will not be surprised if it comes a day or two prior to 23 July. I don't know what surprises may pop up but if SPNG is to continue its business, it better get this right!!!

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