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Re: wayne49 post# 40730

Sunday, 03/30/2014 12:30:08 AM

Sunday, March 30, 2014 12:30:08 AM

Post# of 111390
My fault that I wasn't clear but where I'm getting at is that yes they are liquidating and yes 100% is most likely not achievable. However, it seems as though they will be liquidating until there is nothing left, all the while continuously making distributions to creditors since they are not deemed to be paid off. If that is the case, how will CTs be paid when there isn't even enough to satisfy creditors? I guess the confusion lies as to what "satisfied in full" really means. At first, we believed it was the $0.21 on the dollar that they agreed upon in the BK proceedings. Now though, it does not appear to be that way since they're up to double that amount.