I am also pretty sure the Dfd tax asset survives chapt 11. so 20mm goes back on the balance sheet if 50% more likely to have a taxable profit in the next 20 years. Duh!
I get the dfd revenue its there so that is good. I do not understand the what Liabilities are subject to compromise. that is a big number- so the have to put all the fluff in there? Clearly chapt 11 requires them to be hyper conservative. Once this clears lots of money is no longer a liability.
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