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Re: In0nS post# 23727

Friday, 11/12/2010 7:53:57 PM

Friday, November 12, 2010 7:53:57 PM

Post# of 24889
The matter of the existence of intercompany obligations should not be confused
with what I regard as separate issues: whether intercompany obligations should be avoided;
whether they should be pari passu with other obligations, subordinated to other obligations,
or some other possibility; or whether they should be recharacterized to be deemed to be
contributions of equity and not debt.

Section 362/Section 549 Contentions

'Courts of bankruptcy are essentially courts of equity, and their proceedings inherently are proceedings in equity.'

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