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Re: Tamaman post# 6017

Tuesday, 04/30/2013 11:27:06 AM

Tuesday, April 30, 2013 11:27:06 AM

Post# of 14330
>>I still am not seeing anywhere where hollister debt is carrying over to Burnstone in where you told me to read.

Some will, some won't. A trade creditor to Hollister who doesn't get paid in full gets shafted. A creditor with security who receives less than 100% wind ups with a 'deficiency claim'. If that debt was guaranteed by the parent holding co - it moves up the value chain. Trade creditors typically don't have their receivables guaranteed - but do you think CS didn't? Do you think they loaned money, sitting in the catbird seat as they were, without getting every last shred of protection their was?
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