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Re: jmbell42 post# 3048

Thursday, 01/13/2011 12:11:20 PM

Thursday, January 13, 2011 12:11:20 PM

Post# of 8307
You are right. Here's the thing: under the bankruptcy "priority" process, each tier of creditor must be paid in full before the tier below it is paid. If we're class 12, as alleged, then we're well ahead of any creditor class that could conceivably be impaired, so we get paid in full.

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