Orion1972, yes, I too have read it that way. The share structure MUST remain intact in order to get the maximum use out of ALL of the tax attributes/NOLs.
Also, Eddie has the same law firm of Weil, Gotshal, and Manges which handled the WaMu (WMIH/COOP) reorganization in which there was a share exchange BUT the common share value was saved and they were NOT canceled in the BK reorg.
Weil, Gotshal, and Manges will use the exact same template in principle, IRS, SEC contacts to get the same results.