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Re: VivaLasVegas post# 172

Tuesday, 07/05/2011 11:07:26 AM

Tuesday, July 05, 2011 11:07:26 AM

Post# of 301
From a personal standpoint I still have an allowed claim unless it is successfully challenged by debtors at a later date.
On the plus side, 223 BILLION in claims ARE ALREADY GONE:

Page 41
The Debtors have filed one hundred fifty-six omnibus objections to proofs of
claim. These objections have resulted in the voluntary withdrawal, reduction, reclassification,
disallowance or expungement of approximately 22,500 claims in the aggregate amount of
approximately $223 billion
. The Debtors anticipate filing additional objections addressing a
substantial portion of the remaining filed proofs of claim. If the Debtors do not object to a proof
of claim by the deadline established in the Plan, the Claim asserted therein will be deemed
Allowed and will be treated pursuant to the Plan.

The Debtors may seek to negotiate and settle disputes as to proofs of claim as an
alternative to filing objections to the proofs of claim. To that end, the Debtors have established
alternative dispute resolution procedures to facilitate the negotiations and settlement of Claims.
Such procedures are intended to avoid expensive and time intensive litigation of Claims and
undue delay in the administration of the Chapter 11 Cases.


All the above is my opinion, after all who would believe me anyway since I drive a 1975 Vega!




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