Replies to post #4243 on Lehman Preferred Series "J" Preferred (f

[xZx]

just saw this article, dnoto. how would the new bill affect a BK situation iyo?

[goldstandard]

Nice

[lucmariepierre]

(i) under the plan, the historic shareholders and “qualified creditors” own at least
50% of the value and voting power of the debtor after the ownership change

this is the nol obligation

so it seems despite A < L, if they want nol, historic shareholders have to be preserved

[onco]

does the bankruptcy effect this ?? TIA