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surfer44

12/16/15 11:51 AM

#3027 RE: RealDutch #3026

Chapter 11 is a reorganization not a liquidation. So this is where the priorities come in i.e secured creditors, unsecured creditors, bond holders, preferred stock, common.

With Ashmore they are holding most of the debt so it shouldn't be a problem. They won't lose. Debt holders sometimes turn into equity holders.