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Re: BRIG_88 post# 69693

Wednesday, 09/15/2010 12:27:11 PM

Wednesday, September 15, 2010 12:27:11 PM

Post# of 312025
it would make sense for him to liquidate his shares, but perhaps he could not liquidate all of them due to the lack of liquidity in the stock. His bankruptcy trustee would receive the shares as well as all of his other liquid assets to go to his creditors.

Still, is his caes is based on misrepresentation it really doesn't matter. He has suffered a loss nonetheless... if he receives a setttlement for a court case started during the bankruptcy it would likely go to his creditors as well... and maybe enable him to reverse the bankruptcy if received during the term of the bankruptcy. I don't know US law on the matter. In Canada a bankruptcy takes 9 months.. i believe.