Replies to post #12206 on Immune Pharmaceuticals Inc (fka IMNPQ)

[Mikefbi]

Letterpenny

A final order will be at least 90 days .

The settlement agreement to be approved by the court

The Remnant sale takes place.

Unknown will the trustee sue former attorneys or settle or just abandon the issue.

Then the trustee has to distribute all funds collected.

No funds will be available for distribution to shareholders.


Then the Trustee's Final Account and Distribution Report Certification that the Estate has been Fully Administered and the Application to be Discharged.

Then the Judge: it is ordered that the above case be closed. No objections have been made by the United States Trustee; the trustee is discharged, and the bond is exonerated.

Unlike an individual debtor, a non-individual debtor does not achieve a discharge of its debts following liquidation; discharge of liability is only available to individual debtors (see 11 U.S. Code § 727).

After it is all said and done shareholders' investment in Immune Pharmaceuticals Inc
Worthless.

Dr Teper and the Israeli creditors winners.

Immune pharmaceuticals
Non winners..STOCK WORTHLESS.

No spin will change the facts.

Be well

Cheers