If one were to read and comprehend his post . He said TITLE 11 . And as plainly spelled out in court documents. There was no TITLE 11 CHAPTER 11 Reorganization plan submitted. Instead this went into TITLE 11 chapter 15 bankruptcy liquidation. Leaving all claims of interest impaired . So you end up with what you have today. Shares in an empty debt ridden shell corporation. As plainly spelled out by the monitor in his goodbye post .
The Monitor has distributed the funds in its hands from the liquidation of the Companies' assets to the secured creditors of the Companies. The claims of those secured creditors have not been satisfied in full. There has been no plan of compromise or arrangement made in respect of the Companies, and the residual claims of the secured and unsecured creditors of the Companies remain outstanding.
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