No it is not. If you buy debt bonds after BK you cannot be considered old cold debt as it partains to a reorganized (previously chapter 11) company issuing shares to an old cold creditor to maximize NOLs. Look it up. This info regarding NOLs is readily available on the internet (google). I happen to know about these NOL rules because of a previous stock I was in that was strictly an NOL play. I read more than I cared to ever know about NOLs. Go figure...