Replies to post #9266 on LANDAMERICA (fka LFGRQ)

[andy e]

What does that mean in english Renee???

[Yoda0629]

You have a link to this docket ?

[Renee]

And THAT is why LandAmerica did not file Chapter 7 liquidation so that they had the option to cancel the equity under a Chapter 11 .

Under Chapter 7 the BK Judge would have been compelled to disburse ALL monies left over from all other prioritized benefactors to the shareholders . Under Chapter 11 shareholders can be excluded even when there is money left over .....greed factors of the ' entitled ' debt holders .

Months ago I did write about this concern as being highly unusual . Now I know why .

Very , very sneaky ...expletive nasty thoughts !

Renee