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everett7

05/28/14 3:08 PM

#770 RE: ErnieBilco #769

I've heard (and seen) that this particular bankruptcy judge, Shannon, is extremely fair and equitable. He also has the US Trustee on his back. I think they turn down the plan in its current form and force some sort of settlement - my best guess that it is a stake of ownership in the newly organized company, because that's easier to give away than cash.