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romang

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romang

Re: 56Chevy post# 435

Monday, 05/13/2013 10:57:39 PM

Monday, May 13, 2013 10:57:39 PM

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they did hold of on the motion to appoint a chapter 7 trustee 1 day before the auction. but this can be brought back up

http://www.kccllc.net/documents/1236187/1236187130506000000000005.pdf

they can argue that a chapter 7 sale would give the debtor more time to wind down there assets and also would allow the estate to hold on to the bp claim.

I know u don't think the bp claim is worth much :) but its better then basically giving it away for free to the dip lenders

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