No the debt doesn't ever go away because the person owed the money isn't going to just cancel it as a favor to the shareholders. If a company owed you money would you just discharge it and say have a great day? No idea why you think this or any corporation that has gone thru BK is a clean shell. If that was the case, all the dead ducks over the years would be revived whenever someone with an idea or assets wanted a shell to create a pubco. Name one dead duck BK public company that ever came back to life!
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