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1manband

05/21/20 3:41 PM

#30532 RE: work-n-hard #30530

There are NO exempt assets in a corporate Chapter 7 bankruptcy. Everything goes, and once they are gone, the proceeds are distributed to the creditors, in order, and the company is dissolved. FOREVER.

Chapter 7 is an automatic death sentence for the company. It is OVER.

Anyone foolish enough to be holding shares at the end of the process will lose everything. GUARANTEED.