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BenK

05/22/18 10:10 AM

#48362 RE: jackcross18 #48355

"So former officers are not eligible in a reorganization. Does that include Marshall or just the officers who were running the company when bankruptcy was filed."

My understanding is that it includes previous management, so Marshall would not be eligible. It may also be true that the creditor who initiated the bankruptcy filing is automatically excluded, so that he/she shouldn't manipulate the managing of the company to their own advantage. Not sure about that part.