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Alias Born 09/30/2006

Re: None

Wednesday, 08/18/2010 5:08:01 AM

Wednesday, August 18, 2010 5:08:01 AM

Post# of 74547
For the so called bankruptcy expert on board. Maybe you should learn about the application of the Absolute Priority Rule before spouting off so much...

"The absolute priority rule requires payment in full to a senior class of creditors before any payments can be made to junior interests. The rule only arises when a court confirms a plan over the objections of a class that the plan is not fair and equitable".

Last time i checked we're not at confirmation or have any objections yet, so your posts are irrelevant and premature.
You sir, like all of us dont know for sure what will happen so stop acting as if you do!!!

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