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Re: guster0 post# 4136

Wednesday, 07/20/2011 12:54:58 PM

Wednesday, July 20, 2011 12:54:58 PM

Post# of 111621
yes i agree. i also think its typical for the debtors in bks to try to come to terms with the largest creditors first, then work they way down to the smaller, until they can get a plan approved. last week centerbridge filed an objection to the most recent plan, and i suspect as we approach the DS hearings, more objections will be filed. some of these creditors might own junior debt, and that's exactly what we need, funds with the dollars to litigate for the junior debt.